Analyst: Fed Minutes Are "Outdated", Focus Shifts to Powell's Jackson Hole Speech on Friday

BlockBeats News, August 21 — Following the release of the Federal Reserve’s July meeting minutes, which showed policymakers were more concerned about high inflation than a slowdown in the labor market, the US dollar edged higher. The minutes stated, “Most participants judged that the risks of inflation being higher are greater than those of a slowdown in the labor market.” The meeting took place before the release of July’s US nonfarm payroll data, which later came in below expectations.

Analysts at Danske Bank noted in their report that this means the Fed minutes are “somewhat outdated,” resulting in a relatively muted market reaction. Currently, market attention has shifted to Fed Chair Powell’s speech at the Jackson Hole symposium on Friday. (Jin10)