On July 10, Nick Timiraos, the "Federal Reserve mouthpiece," stated that the Federal Reserve meeting minutes revealed some things we already knew, with officials divided into three main camps regarding the interest rate path:
· Cutting rates within the year but excluding July (mainstream camp);
· Maintaining rates unchanged throughout the year;
· Advocating for immediate action at the next meeting (minutes show only a "few" participants supported this, suggesting Fed governors Waller and Bowman).
