Fed Minutes Show Hawkish Hold, Societe Generale Cites Divergent Inflation Paths
Societe Generale's Jan Groen comments on the June FOMC minutes, which confirm a hawkish hold and reveal a split in the SEP regarding future rate moves.
The June Federal Open Market Committee minutes confirmed a hawkish hold, according to Societe Generale's Jan Groen. The Summary of Economic Projections showed an even split between members favoring unchanged or lower rates and those preferring higher rates.
This divergence underscores the uncertainty around inflation trajectories, shaping the rate outlook. The market awaits further data for clarity on the Fed's next steps.
Source: FXStreet Forex News