#FOMCMinutes
What just happened?
The minutes of the meeting of the Federal Open Market Committee (FOMC) held from July 29 to 30, 2025, were officially published today, August 20, 2025, at 2:00 p.m. EDT.
Market and Policy Implications
The publication may shed light on whether more FOMC members share the views of Governors Michelle Bowman and Christopher Waller, who dissented in favor of short-term rate cuts.
Market expectations point to an 85% probability of a 25 basis point rate cut at the upcoming FOMC meeting in September.
The minutes may also highlight broader internal divisions within the Fed, providing insight into the committee's stance on inflation, the labor market, and trade tariffs—all closely watched aspects ahead of Chairman Powell's speech at the Jackson Hole symposium
