Fed Meeting Minutes Show Broad Support for Decision to Hold Rates Steady

According to ChainCatcher, citing Jinshi News, Nick Timiraos, known as the "Fed whisperer," stated that the Federal Reserve's meeting minutes show the decision to keep interest rates unchanged last month received broad support. The minutes suggest that if it were not for the disappointing employment data revisions released two days after the meeting, the likelihood of a rate cut in September would have been highly uncertain.