Fed FOMC Minutes Release Today, What To Expect?
The Fed minutes, which are made public several weeks after each official FOMC meeting, are a carefully watched indicator of how members felt at the time about the status of the American economy. advertisement They might also act as a signpost for the course that policymakers desire to take about monetary policy. The June minutes are particularly intriguing because Fed officials have indicated in public pronouncements that they may impose up to two extra interest rate hikes this year. Can We Expect Furthur Rate Hikes? A lot happened in the June meeting and investors have their all-wrapped attention for the minutes today. The Fed eral Reserve maintained the 5%–5.25% Fed funds rate target during its meeting in June 2023. After 10 straight rises that increased borrowing costs by 500 bps to their highest level since September 2007, it was the first break in the tightening process. The US Fed met market expectations but with a twist. The Fed er...