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