Citi: Fed Minutes May Echo Powell's Testimony, "Wait-and-See" Period May End in Late Summer

On July 9 (UTC+8), Citi analysts said they expect the meeting minutes to suggest that "the interest rate trajectory will depend on the data released in June, July and August," which is consistent with Fed Chairman Powell's remarks at the congressional hearing. Powell laid the groundwork for a possible rate cut at the Fed's September meeting, provided that tariff-induced price increases do not show signs of causing sustained inflation and that the economy continues to create enough jobs to prevent the unemployment rate from rising too quickly. Citi analysts said: "The 'wait-and-see' period may end in late summer." (Source: Bitpush) [MetaEra]