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Fed Meeting Minutes Lean Hawkish, Powell's Speech to Reveal Rate Cut Prospects
Summary: According to sources, as reported by FXStreet, Capital Economics analyst Paul Ashworth pointed out that the Federal Reserve's July meeting minutes showed that, apart from two officials who voted against a rate cut in July, other officials generally agreed to keep rates unchanged, signaling a slightly hawkish tone for the September meeting. However, due to ...
According to sources, as reported by FXStreet, Capital Economics analyst Paul Ashworth pointed out that the Federal Reserve's July meeting minutes showed that, apart from two officials who voted against a rate cut in July, other officials generally agreed to keep rates unchanged, signaling a slightly hawkish tone for the September meeting. However, due to the minutes preceding the dismal July jobs report, it is difficult to glean clues about the future. Powell's speech this week at Jackson Hole will provide further insight into whether a rate cut in September is a foregone conclusion.
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Link: Fed Meeting Minutes Lean Hawkish, Powell's Speech to Reveal Rate Cut Prospects [Copy]
