Analysis: Meeting Minutes Reveal Fed Internal Division into Three Major Camps

BlockBeats News, July 10th, in the "Fed Heard" column, Nick Timiraos stated that the Fed meeting minutes revealed some things we already knew, with officials (on the interest rate path) divided into three main camps:

· Rate cut later this year but ruling out July (mainstream camp);

· Hold steady for the whole year;

· Advocate for immediate action at the next meeting (minutes show only "a few" participants support this, implying Fed Governors Waller and Bowman). (FX168)