Experts tell Entrepreneur that the data didn't justify a rate cut today — but September could tell a different story. The Federal Reserve held rates steady on Wednesday for the fifth-straight time at the Federal Open Market Committee meeting. Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management, told Entrepreneur that the data didn't justify a rate cut today. Although there was no clear signal about a September rate cut at the next Fed meeting, Ausenbaugh thinks it is a strong possibility. "We see our current policy stance as appropriate to guard against inflation risks," Powell said.