September Rate Cut Odds Dropped 🚨

The July FOMC minutes revealed that:

▸ Fed sees inflation risks outweighing labor market weakness

▸ Odds of a September rate cut slipped after the release

▸ Tariffs may fuel stubborn inflation pressures

And now market await Powell’s Jackson Hole speech -Aug 22 for clues on whether the Fed leans hawkish or dovish

GM.