[Fed minutes indicate concerns about labor market conditions] According to Golden Finance, the upcoming FOMC minutes will reveal that while economic growth and unemployment expectations remain stable, the committee's expectations for rate cuts in 2024 have been reduced. Inflation unexpectedly rose in the first quarter of this year, and although CPI and PCE in May showed that inflation had slowed significantly, this still shook policymakers' confidence in the path of inflation. The minutes may show that participants' judgment on the balance of risks is balanced, but their growing concerns about the possible rapid cooling of the labor market have a significant impact on the timing of the first rate cut, opening the door to possible two rate cuts this year.