BlockBeats News, July 23rd, Nick Timiraos, a journalist from The Wall Street Journal known as the "Fed Whisperer," stated that the Fed's meeting on July 28-29 will be the most difficult to predict in recent years. The resurgence of oil prices, increased risks in U.S. tariff policy, and some officials openly shifting towards supporting a rate hike have challenged the consensus to maintain the current interest rates.

According to CME Group data, the market's expectation of a rate hike in July has increased from about 10% last weekend to about one-third. There is already a clear division among the Fed's 18 officials on whether a rate hike is needed this year—half of them expect at least a 25-basis-point hike, while the other half believe no adjustment is necessary. Fed's new Chair, Powell, has deliberately remained silent since taking office, refusing to provide forward guidance, leaving investors to speculate on the policy direction based on other officials' remarks.