Market attention is turning to the upcoming release of the Federal Reserve minutes from the June 14 meeting, scheduled for release at 2 p.m. EDT Wednesday. This highly anticipated event is expected to spark reactions across markets as investors seek further clarity on the Federal Reserve’s interest rate trajectory.
Let’s explore what the minutes might reveal and how they could shape market expectations.
Fed Pauses In June, But Hints At 2 More Hikes
During the June meeting, the Fed decided to maintain the funds rate target at 5%-5.25%, pausing a series of uninterrupted rate hikes that started in March 2022. Yet the updated economic projections in June suggest that fed funds may reach 5.6% by the end of the year, indicating the possibility of two more rate hikes.
Fed Chair Jerome Powell‘s recent comments suggest that two further rate hikes are a “pretty good ...Full story available on Benzinga.com
Benzinga
