Lloyd's Bank: Minutes of Next Week's Meeting Expected to Uphold Market's Expectation of No Rate Cut by the Fed in July

BlockBeats News, July 6th, The UK's Lloyds Bank believes that the minutes of the June Federal Reserve meeting to be announced next Wednesday are expected to not change the market's expectation of keeping interest rates unchanged at the July meeting, with a rate adjustment more likely to occur in September.

The Fed's dot plot still expects two rate cuts this year, but there is a clear divergence among policymakers, ranging from three rate cuts to unchanged policy. (Kinny)