📍FOMC Minutes – Fear of inflation but still need to ease

📌 Almost the entire FOMC agrees that further interest rate cuts are needed this year after recent labor data.

📌 The minutes clearly state: "The inflation reduction process has stalled," but "the labor indicators are starting to weaken significantly."
=> Accept higher inflation levels to stabilize the economy.

📌 The Fed raises GDP forecasts for 2025–2028, indicating they believe the U.S. economy still has the potential for a soft landing — or at least they want the market to believe that.

🚨 There is no twist in this report. The market is still priced in for 2 cuts this year ( in October and month 12). 2026 will have its first cut in month 3).