The minutes of the Fed’s June 12 meeting are unlikely to change market expectations that interest rates will not be cut at the July meeting, said UK-based Lloyd’s Bank.
The bank says September is considered to be likely to cut interest rates. The Fed’s “dot plot” graph, reflecting the rate estimates, maintains expectations for two interest rate cuts this year, but it says there are serious disagreements among policymakers.
Opinions range widely from three rate reductions without change.
Meanwhile, important times have been entered in trade negotiations between the US and some countries. The next 72 hours were “very intense” and the suspension of mutual tariffs, Bessant said in a statement three days before the expiration of the period of “very intense” suspension of duty, the next 72 hours.
Besant said several major deals are ongoing and key announcements will be made in the coming days. However, if an agreement cannot be reached with any country subject to the tariff, the export will face again set tariffs as of August 1st.
Trump administration officials have in weeks claimed that deals with various countries are nearing completion, but so far, limited framework agreements with the UK, small trade agreements with India, and a draft agreement with Vietnam temporarily announced by Trump have been made public.
*This is not investment advice.
