๐ฃ Now,the minutes of the Federal Open Market Committee meeting are out.This is the document released weeks after the Federal Reserve's meeting to clarify internal discussions on monetary policy.
๐ Here are the key points from the Federal Open Market Committee meeting minutes:
๐ข The Federal Reserve sees weakness in the labor market;that is,unemployment or a slowdown in hiring has become a concern.
๐ข Some members were uncomfortable with postponing the September rate cut, suggesting a dovish bias within the committee.
๐ข The general trend is toward further rate cuts this year to counter the slowing economy and increased risks to jobs.