On July 10th, according to Jinshi Data, "Federal Reserve mouthpiece" Nick Timiraos stated that the Federal Reserve meeting minutes revealed some things we already knew, with officials divided into three main camps (regarding the interest rate path):
· Rate cuts within the year but excluding July (mainstream camp);
· Holding steady throughout the year;
· Advocating for immediate action at the next meeting (the minutes show that only a "few" participants supported this, implying Federal Reserve Governor Waller and Bowman). [Deep Tide TechFlow]