The Federal Reserve's meeting minutes are hawkish, and Powell's speech will reveal the prospects for interest rate cuts

ChainCatcher news, according to Jinshi reports, Capital Economics analyst Paul Ashworth pointed out that the Federal Reserve's July meeting minutes show that, apart from two governors who voted against a rate cut in July, other officials generally agreed to maintain interest rates, which is a slightly hawkish signal for the September meeting. However, since the minutes were released before the dismal July employment report, it is difficult to glean clues about the future from them. Powell's speech this week at Jackson Hole will provide deeper insights into whether a rate cut in September is a foregone conclusion.