Fed Mouthpiece: July Meeting Shows Overall Hawkish Sentiment, More Officials Open to September Rate Cut

According to ChainCatcher, as reported by Federal Reserve insider Nick Timiraos, the Fed's meeting minutes typically do not reveal much new information, but they reinforce what is already public: First, based on Powell's press conference, the overall sentiment of the committee at the July meeting was hawkish (at least compared to market expectations); second, the reliance on data and forecasts has become evident, as more officials have shown openness to a rate cut in September following the release of the August 1 employment report.