BlockBeats news, on August 21, after the Fed's July meeting minutes indicated that policymakers are more concerned about high inflation than about the slowdown in the labor market, the dollar rose slightly. The minutes noted, 'Most participants believe that the risks of rising inflation are greater than the risks of a slowdown in the labor market.' This meeting took place before the release of July's U.S. non-farm payroll data, which fell short of expectations.
Danish bank analysts stated in a report that this means the Fed's minutes are 'somewhat outdated,' and the market reaction has been relatively limited. Currently, the market's focus has shifted to Fed Chairman Powell's speech on Friday at the Jackson Hole seminar. (Golden Ten)
