Straight from the US: summary of Fed meeting minutes, effective now:
1. Most Fed members believe it is appropriate to lower interest rates at the next meeting if the data remains constructive.
2. Recent data increased confidence regarding inflation.
3. Several participants considered a 25 basis point interest rate cut as early as July.
4. Most participants said that unemployment risks are rising.
5. The outlook for economic growth in the second half of 2024 was noted.
6. Easing too late could weaken the economy excessively.
7. The first interest rate cut since 2020 may come next month.
Now all eyes are on Friday, the Jackson Hole Symposium, where the Fed chair will speak, and what he is going to say there will definitely affect the markets!