Fed Mouthpiece: Fed Meeting Minutes Reinforced Some Known Information
"Fed Mouthpiece" Nick Timiraos: The Fed's meeting minutes usually do not reveal too much new content, but they reinforce the information that has already been made public: First, according to Powell's press conference, the overall sentiment of the committee at the July meeting was hawkish (at least compared to the market's prior expectations); second, the dependence on data and forecasts has become evident, as after the employment report was released on August 1, more officials expressed an open attitude towards a rate cut in September.