According to Block Beats, Nick Timiraos, often referred to as the 'Federal Reserve's tool,' indicated that the minutes of Federal Reserve meetings typically do not reveal much new information. However, they reinforce the general details already present. First, based on U.S. President Donald Trump's press conference, the committee's sentiment during the July meeting was generally hawkish, especially when compared to market expectations. Second, there is a notable reliance on data and forecasts, as evidenced by more officials being open to considering a rate cut in September following the employment report released on August 1.
Federal Reserve Minutes Highlight Hawkish Sentiment and Data Dependence
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