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TechFlow, July 9 — According to Jinshi Data, Citigroup analysts said the minutes from the Federal Reserve's June meeting may sound more dovish than Chair Powell's press conference following the June monetary policy meeting. During that meeting, Powell leaned heavily toward neutral language and emphasized the Fed's dual mandate. However, the minutes could better reflect what Powell did not explicitly state: the bar for rate cuts is lowering.
According to Jinshi Data, Citigroup analysts said the minutes from the Fed's June meeting may sound more dovish than the press conference held by Powell after the June FOMC meeting. At that meeting, Powell leaned heavily toward neutral language and emphasized the Fed's dual mandate. However, the meeting minutes could better reflect what Powell did not explicitly state: the bar for rate cuts is lowering.
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