🔥 FOMC minutes from early this morning
The FED has released the minutes from the late July meeting:
Interest Rate: Continuing to hold at 4.25% – 4.50%, most members agree not to change policy.
Disagreement: Two members, Bowman and Waller, proposed a 0.25% cut due to concerns about a weakening labor market.
Biggest Concern: The risk of inflation returning from import tax policies. Although the exact impact is unclear, the FED believes it needs to be closely monitored.
Labor Market: Signs of cooling, unemployment rate inching up, adjusted employment figures down.
Market Expectations: The probability of the FED cutting rates as early as September is being priced in at over 80% by investors.
👉 Summary: The FED remains cautious, prioritizing “wait and see,” but the possibility of a rate cut in September is quite open.
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