🚨 SUMMARY OF THE JULY FED MEETING MINUTES
🔘 Most members said the risk of unemployment is rising.
🔘 Some members considered cutting interest rates by 25 basis points in July instead of September
🔘 Recent data have reinforced confidence in controlling inflation.
🔘 Most Fed members said a rate cut at the next meeting would be appropriate if economic data continues to be positive.
🔘 Economic growth forecasts for the second half of 2024 have been revised down.
🔘 Loosening monetary policy too late could cause unnecessary damage to the economy.
🔘 The Fed is expected to deliver its first rate cut since 2020 next month.
The question is, will the FED cut interest rates by 0.25% or 0.5% this September?
❤️ = 0.25%
👍 = 0.5%
