🔵 Federal Reserve Meeting Minutes - July Under the Microscope

• Most Federal Reserve officials see inflation as the biggest risk today, even at the expense of the labor market.

⬅️ The committee is divided on whether it will cause a "temporary spike" in prices or a "prolonged inflation shock."

• Interest rates have remained between 4.25% and 4.5% amid an economic slowdown and increasing uncertainty in forecasts.

• Some officials have expressed concern about "high asset valuations" and the possibility of bubbles forming.

• The minutes were released ahead of Powell's anticipated speech, which could shape the next phase of interest rates.

⬅️ Summary: The Federal Reserve is caught between high inflation and slowing growth, while tariffs add more uncertainty... All eyes are now on Powell's speech in Jackson Hole.