Analysis: Meeting minutes are a bit outdated. Powell's speech this week is the focus
According to online reports, Paul Ashworth, macro analyst at Capital Investment, wrote: "The minutes of the Federal Reserve's July meeting showed that except for two directors who wanted to cut interest rates in July, other Federal Reserve officials generally agreed to keep interest rates unchanged. In that regard, this was a slightly hawkish signal for the September meeting. But because the minutes predate the dismal July employment report, it is difficult to get too many clues about the future from the minutes. Given subsequent data releases, this summary is clearly outdated, and Federal Reserve Chairman Powell's speech at Jackson Hole this week should shed more depth light on whether a September rate cut is a foregone conclusion."
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