Lloyds Bank: Next Week's Meeting Minutes Unlikely to Change Market Expectations That the Fed Will Not Cut Rates in July

BlockBeats News, July 6 — Lloyds Bank in the UK believes that the minutes of the US Federal Reserve's June meeting, to be released next Wednesday, are not expected to change the market's expectation that rates will remain unchanged at the July meeting, with any rate adjustment more likely to occur in September.

The Fed's dot plot is still expected to indicate two rate cuts this year, but there are clear divisions among policymakers, ranging from three rate cuts to no change at all. (Jin10)