Senior economic expert at UOB cluster Alvin Liew reviewed the recent publication of the FOMC minutes.
Key Quotes
“In the newest minutes, the FOMC wheat out clearly the 3 reasons for its thirty one Jul FOMC rate cut; 1) issues regarding the deceleration North American country business defrayment because of international trade developments and uncertainties, 2) AN insurance cut (“prudent step from a risk-management perspective”) and 3) there have been merely issues regarding the North American country inflation outlook”.
“The Jul call was additional discordant than at the start thought because it was unconcealed within the minutes that “couple of participants indicated that they might have most popular a fifty basis purpose cut” whereas there have been many participants WHO favored establishment within the July meeting”.
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