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Fed Meeting Minutes Show Broad Support for Maintaining Interest Rates

Summary: According to sources, the Fed 'megaphone' Nick Timiraos stated that the minutes of the Fed meeting showed broad support for the decision to maintain interest rates last month. The minutes suggested that the possibility of a rate cut in September would have been very uncertain if not for the disappointing job data revision announced two ...

According to sources, the Fed 'megaphone' Nick Timiraos stated that the minutes of the Fed meeting showed broad support for the decision to maintain interest rates last month. The minutes suggested that the possibility of a rate cut in September would have been very uncertain if not for the disappointing job data revision announced two days after the meeting.

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