Fed meeting minutes support rate cut, US bond yields continue to decline

On August 22nd, Jin10 News reported that the minutes of the Federal Reserve meeting showed that some FOMC members supported a 25 basis point rate cut at the end of July due to “recent progress in inflation and unemployment rates”. Subsequently, US Treasury yields continued to decline. Participants have more confidence in inflation “continuing to move towards the Fed’s 2% target” and the labor market “continuing to trend towards a better balance of supply and demand”. In addition, most people “believe that if the data continues to be in line with expectations, it may be appropriate to ease policy at the next meeting.”