US FOMC Meeting Minutes
It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;
- History
| Expected Impact / Date | Description |
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| Aug 21, 2024 | |
| Jul 3, 2024 | |
| May 22, 2024 | |
| Apr 10, 2024 | |
| Feb 21, 2024 | |
| Jan 3, 2024 | |
| Nov 21, 2023 | |
| Oct 11, 2023 | |
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- US FOMC Meeting Minutes News
From fxempire.com|Aug 21, 2024On Wednesday, August 21, BTC rallied 3.50%, reversing a 0.73% loss from the previous day, to close at $61,135. BTC climbed to a high of $61,805. The total crypto market cap rose by 2.79% to $2.107 trillion. FOMC Meeting Minutes Signal September Fed Rate Cut: The FOMC Meeting Minutes on Wednesday, signaled a possible September Fed rate cut, boosting BTC demand. The minutes showed that committee members viewed the current monetary policy stance as restrictive, which may adversely impact the US economy. Members also observed that the ...
From kitco.com|Aug 21, 2024Asset prices trended higher in afternoon trading on Wednesday after the release of the minutes from the July Federal Open Market Committee (FOMC) meeting showed that most officials on the board for the Fed favored a September rate cut if inflation continues to cool. The minutes helped boost sentiment on Wall Street that the first interest rate cut will come in less than 28 days, as the next FOMC meeting is scheduled for September 18. The debate now centers around how big the first rate cut will be, with the CME FedWatch Tool showing ...
From zerohedge.com|Aug 21, 2024Bad news' - a record downward revision in payrolls - combined with a strongly 'dovish' bias to the FOMC Minutes sent rate-cut expectations soaring today... chart ...dominated by 2024 dovishness - dramatically more than The Fed's single-cut expectation... chart ..and that sparked a buying-panic in bonds, bitcoin, stocks, and gold (but the dollar and crude tumbled). Stocks and bonds are (arguably) disagreeing... chart Stocks initially surged on the BLS bad news and Dovish Fed, but some reality started to set in again that 'growth ...
From pbs.org|Aug 21, 2024Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool. The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.” In July, the policymakers kept their benchmark rate at 5.3%, a near-quarter-century high, where it’s stood for more ...
From cnbc.com|Aug 21, 2024Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, stopping short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting,” the summary stated. Markets are fully pricing in a September cut, which would be the first since the emergency ...
From federalreserve.gov|Aug 21, 2024|14 commentsThe manager turned first to a review of developments in financial markets. Financial conditions eased modestly over the intermeeting period, reflecting lower long-term interest rates and higher equity prices. The manager noted that current financial conditions appeared to be providing neither a headwind nor tailwind to growth. Nominal Treasury yields declined over the period, with shorter-term yields having decreased by more than longer-term yields, leading to a steepening of the yield curve. Treasury yields remained sensitive to surprises in economic data, particularly consumer price index releases and employment reports. While near-term inflation compensation fell over the intermeeting period, longer-term forward measures were little changed. Measures of inflation expectations obtained from term structure models were modestly lower. The policy rate path derived from futures prices and the modal path derived from options prices both declined over the intermeeting period and had come into closer alignment with the median of the modal responses from the Open Market Desk’s Survey of Primary Dealers and Survey of Market Participants. Policy expectations, however measured, pointed to a first rate cut at the September FOMC meeting, at least one more cut later in the year, and further policy easing next year. In the equity markets, the high perceived likelihood of a September cut in the target range for the policy rate induced a notable appreciation in the stocks of firms with small and medium capitalization, which tend to be more sensitive to interest rates. Stocks of larger companies, especially those in the technology sector, underperformed. Second-quarter earnings reports received before the meeting had been slightly above analysts’ expectations, althoug post: *FED: 'VAST MAJORITY' SAW SEPTEMBER CUT AS LIKELY APPROPRIATE post: FOMC MINUTES: INFLATION EASING, SOME SUPPORT FOR A QUARTER-POINT CUT #FOMC #FederalReserve #economy post:
FED MINUTES: **PARTICIPANTS VIEWED INCOMING DATA AS ENHANCING THEIR CONFIDENCE THAT INFLATION WAS MOVING TOWARD 2% OBJECTIVE **SEVERAL PARTICIPANTS SAID RECENT PROGRESS ON INFLATION AND INCREASES IN UNEMPLOYMENT RATE PROVIDED A 'PLAUSIBLE CASE' FOR A 25-BASIS-POINT RATE…
From finance.yahoo.com|Aug 21, 2024While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at last month's policy meeting. Roughly how many were in that camp and how unified the remaining policymakers were in seeing the Fed's Sept. 17-18 meeting as a preferred starting point for reducing borrowing costs should become clear when the minutes of the July 30-31 meeting are released on Wednesday. The central bank's policy-setting Federal Open Market Committee ...
From ironfxcn.com|Aug 20, 2024After the announcement of the intentions of former US President Trump, if he returns to the White House, “If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future”, discussions in Washington about taxing or not Bitcoin transactions are heating up. Currently the US is taxing capital gains from Bitcoin transactions, yet the discussion for a possible exemption is rising. The main reason is that the Tax as such, seems to encourage long term ...
| Released on Aug 21, 2024 |
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