⏯️FOMC Meeting Minutes: just as the Ad analyzed a few days ago, only 2 members agreed to cut interest rates. The market has been anticipating the news since the beginning of the week.
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✅️The minutes of the Fed's July meeting show a rare divide among policymakers. Most agree to keep interest rates at 4.25%–4.5%, but two governors voted to cut immediately. This is the first time in over 30 years that more than one person has disagreed.
✅️The minutes also emphasize that the Fed is facing a difficult trade-off. If interest rates are cut too early, the risk of inflation surging will increase, but if they wait too long, the economy may fall into a deeper recession. All attention is now focused on the upcoming speech by Chairman Jerome Powell at the Jackson Hole conference this Friday, where he is expected to signal the Fed's next move after the latest job figures were adjusted downward.
