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Analysis: The meeting minutes show that the Federal Reserve (FED) is divided into three main factions.
BlockBeats news, on July 10, "The Federal Reserve's mouthpiece" Nick Timiraos stated that the Federal Reserve meeting minutes revealed some things we already knew, with officials divided into three main camps regarding the interest rate path: · Cutting rates within the year but excluding July (mainstream camp); · Holding steady throughout the year; · Advocating immediate action at the next meeting (the minutes show that only a "minority" of participants supported this, implying The Federal Reserve Board of Governors Waller and Bowman). (Jin10)