The last Fed meeting did not consist of fresh forecasts nor a press conference and did not reveal anything we hadn’t known. The meeting minutes, a more elaborate document, could provide some clarity about the next moves of the Fed. In theory, this is a documentation of what happened back in July. In practice, the minutes are a fully redacted publication meant to impact markets. It can already lean towards the better than expected NFP, or perhaps the disappointing retail sales. While nobody expects a rate hike in September, the publication could shape trading in the next few days, and even until the Jackson Hole Symposium next week.
Video preview of the Fed:
