The minutes of the meeting of the Federal Open Market Committee (FOMC) on July 30 and 31 are scheduled to be published today, Wednesday, August 21, 2024.
As the Federal Reserve at the July meeting kept the US interest rate unchanged between 5.25% -5.50%, it was considered an expected decision.
The statement then indicated that inflation is making progress towards its target of 2%.
He also said that the risks of employment and price stability are becoming more balanced.
This was followed by the press conference of Fed Chairman Powell, who noted that a rate cut may be on the table if inflation continues to fall.
