Express
Fed's Bullhorn: Overall Hawkish Sentiment in July Meeting Committee
Summary: Contrary to expectations, according to Jinshi's report, Fed's bullhorn Nick Timiraos: Fed's meeting minutes usually do not reveal much new content, but they reinforce already public information: first, based on Powell's press conference, the overall sentiment of the committee in the July meeting leaned hawkish (at least compared to market expectations); second, the dependence on ...
Contrary to expectations, according to Jinshi's report, Fed's bullhorn Nick Timiraos: Fed's meeting minutes usually do not reveal much new content, but they reinforce already public information: first, based on Powell's press conference, the overall sentiment of the committee in the July meeting leaned hawkish (at least compared to market expectations); second, the dependence on data and forecasts is evident, that is, after the August 1 employment report was released, more officials showed openness to a rate cut in September.
