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  • 18:50
    The Federal Reserve meeting minutes signal easing, with possible rate cuts in 2025
    ChainCatcher news, according to Golden Ten Data, Investinglive analyst Adam Button stated that the Federal Reserve meeting minutes show that officials are gradually leaning towards adopting a more accommodative policy, with most participants agreeing that further interest rate cuts during the remainder of 2025 may be appropriate. The minutes pointed out that downside risks to employment have increased, while inflation risks have diminished or stabilized. Federal Reserve staff also raised their GDP growth forecasts through 2028, boosting confidence in the economic outlook.
  • 18:47
    Federal Reserve meeting minutes: About half of respondents expect another rate cut at the October meeting
    Jinse Finance reported that the Federal Reserve meeting minutes indicated that recent policy rate expectations have declined due to weaker-than-expected employment data and a significant increase in downside risks to employment. Almost all respondents to the market expectation survey anticipated that this meeting would lower the target range for interest rates by 25 basis points, with about half of the respondents expecting another cut at the October meeting. The vast majority of respondents expected at least two 25 basis point rate cuts by the end of the year, with about half predicting three cuts for the entire year. Respondents' expectations for 2027 and beyond remained unchanged, indicating that their revisions to near-term expectations reflect a judgment that the federal funds rate will return to its long-term level faster than previously anticipated. Market-based policy rate expectations were generally consistent with the survey results, indicating about three 25 basis point rate cuts by the end of the year.
  • 18:25
    Federal Reserve Meeting Minutes: Labor Market Conditions Expected to Remain Largely Unchanged or Slightly Weaken
    Jinse Finance reported that the Federal Reserve meeting minutes mentioned that participants generally expected that, under appropriate monetary policy, labor market conditions would remain largely unchanged or only experience a mild weakening. Several participants noted that over the past year, the monthly employment growth numbers consistent with maintaining a stable unemployment rate have declined and may continue to remain low, due to factors such as a large number of workers approaching retirement age and persistently low net immigration. Participants stated that there is uncertainty regarding the outlook for the labor market and believed that downside risks to employment had increased during the intermeeting period. To support this view, participants cited several indicators, including: low hiring and layoff rates, indicating insufficient labor market dynamism; employment growth concentrated in only a few industries; and rising unemployment rates among groups historically more sensitive to economic cycles (such as African Americans and young people). Several participants believed that the continued application of artificial intelligence may reduce labor demand. Some participants also pointed out that survey results showed a decline in household confidence in the labor market.
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