The minutes from the June 12 Fed meeting are unlikely to affect market expectations regarding interest rates, with cuts anticipated in September.
Fed Rate Cut Expectations
According to Lloyds Bank, there will likely be no change in rates at the Fed's July meeting. September is seen as the more likely date for a potential cut. The FOMC's dot plot suggests two cuts this year, but opinions among policymakers vary widely.
US Trade Negotiations: Key Points
A critical period in trade negotiations between the US and several countries has begun. Treasury Secretary Bessant noted that the next 72 hours will be 'quite intense', with important announcements expected soon.
Outcomes and Future Agreements
Despite claims from Trump administration officials that deals are nearing completion, only a limited agreement with the UK and a small trade deal with India have been publicized thus far.
In summary, this summer's Fed meeting is unlikely to result in rate changes, while the outcome of ongoing trade negotiations will significantly influence the economic landscape.
