CoinVoice has learned that, according to Jin Shi reports, the key points of the Federal Reserve's June meeting minutes are as follows:
How likely is a rate cut in July: How much support will Waller and Bowman, appointed by Trump 1.0, receive? Both have indicated that they will consider a rate cut at the July meeting, and the impact of tariffs on prices may be temporary. The wait-and-see period may end in the summer, with a possible rate cut in September: The meeting minutes may suggest that the 'interest rate trajectory will depend on the data released in June, July, and August,' and the 'wait-and-see' period may end at the end of summer. The meeting minutes may indicate that the committee expects to receive the necessary data for making a rate cut decision before the end of the summer. If the situation meets expectations, this will strengthen market expectations for a rate cut in September. The threshold for a rate cut is lowering: The Federal Reserve's June meeting minutes may read more dovishly. In the June meeting, Powell tended to use neutral language, but the minutes may better reflect what Powell did not explicitly state: the threshold for a rate cut is decreasing.
Clues of internal divergence: Among the 19 officials in June, 7 believed that no rate cut was needed this year, 2 expected one cut, 8 believed there would be two cuts, and 2 expected three cuts. Analysts will look for clues that led to this divergence. What supports the views of the 7 Federal Reserve officials who believe that there will be no rate cuts at all in 2025? Concerns over the dual mandate: Previous Federal Reserve economic forecasts indicated that the pace of price increases would accelerate in the remaining months of this year, but in 2026, even if rates are expected to decline, the pace of price increases would again decrease. Additionally, attention is focused on whether there are serious concerns about the strength of the labor market. [Original link]