ChainCatcher message, according to the Federal Reserve's mouthpiece Nick Timiraos, the minutes of the Federal Reserve's meetings usually do not reveal too much new information, but they reinforce the information that has already been made public: First, according to Powell's press conference, the overall sentiment of the committee during the July meeting was hawkish (at least compared to the market); Second, the dependence on data and forecasts is evident, that is, after the employment report was released on August 1, more officials expressed an open attitude towards a rate cut in September.