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Citigroup: FOMC Meeting Minutes May Echo Powell's Testimony, 'Wait-and-See' Period Could End in Late Summer
Summary: According to Citigroup analysts, they expect the FOMC meeting minutes to suggest 'rate trajectory will depend on data released in June, July, and August,' consistent with Fed Chair Powell's remarks in congressional testimony. Powell laid the groundwork for a potential rate cut at the September meeting, contingent on tariffs not leading to sustained inflation and ...
According to Citigroup analysts, they expect the FOMC meeting minutes to suggest 'rate trajectory will depend on data released in June, July, and August,' consistent with Fed Chair Powell's remarks in congressional testimony. Powell laid the groundwork for a potential rate cut at the September meeting, contingent on tariffs not leading to sustained inflation and the economy continuing to create enough jobs to prevent a rapid rise in unemployment. Citigroup analysts stated, 'The 'wait-and-see' period could end in late summer.'
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Link: Citigroup: FOMC Meeting Minutes May Echo Powell's Testimony, 'Wait-and-See' Period Could End in Late Summer [Copy]
