Citi: Fed Minutes May Indicate Lowering Threshold for Rate Cuts
According to a report by Jinse Finance, Citigroup analysts stated that the minutes of the Federal Reserve's June meeting may read as more dovish compared to Chairman Powell's press conference following the June policy meeting. During that conference, Powell leaned heavily on neutral language and emphasized the Fed's dual mandate. However, the meeting minutes may better reflect what Powell did not explicitly state: the threshold for a rate cut is lowering. (Jin10)
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