【Federal Reserve may pause rate hike in September, and there are still differences on the timing of rate cuts】

According to the minutes of the Federal Reserve's July meeting, #美联储会议 :

1️⃣ Interest Rate Policy: All officials agreed to maintain the current interest rate at 5.25%-5.5%, believing that inflation risks still need attention;

2️⃣ Future Trends: Most officials tend towards "maintaining high rates," with a high probability of pausing rate hikes in September;

3️⃣ Economic Expectations: Raised the GDP growth rate for 2023 to 1.8% (previously 1.0%), with the unemployment rate expected to fall to 3.9%;

4️⃣ Inflation Disagreement: Some officials warned that rising energy prices could reverse the trend of falling inflation;

5️⃣ Market Reaction: U.S. Treasury yields rose to 4.3%, and the dollar index reached a two-month high.