“We do not expect the Federal Reserve to cut interest rates on Wednesday, but it’s possible that they make a stronger signal that cuts are on the horizon in the fall, especially as the inflation data continues to stay muted even in this tariff environment,” said Rick Gardner at RGA Investments.

https://www.bloomberg.com/news/articles/2025-07-27/us-futures-climb-after-trump-agrees-eu-tariff-deal-markets-wrap?srnd=undefined