FOMC minutes to attempt to clarify the path forward – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting the July FOMC meeting minutes to attempt to clarify the path forward after Chair Powell remained non-committal on guidance for future rate movements at his July press conference.

Key Quotes

“Powell painted the Fed's action as a "mid-cycle adjustment" and not necessarily one cut or the "beginning of a long series of cuts." The minutes should support our view that soft global growth, trade uncertainty, and persistent below-target inflation should keep the Fed on a dovish footing.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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