Federal Reserve Minutes Highlight Hawkish Sentiment and Data Dependency

According to BlockBeats, Nick Timiraos, often referred to as the 'Federal Reserve's mouthpiece,' has indicated that the minutes from the Federal Reserve meetings typically do not reveal much new information. However, they reinforce already public details. Firstly, based on U.S. President Donald Trump's press conference, the sentiment of the committee during the July meeting was generally hawkish, especially when compared to market expectations. Secondly, there is a noticeable reliance on data and forecasts, as demonstrated by the openness of more officials to consider a rate cut in September following the employment report released on August 1.