Economic forecasts indicate support for two more Fed rate cuts this year

The Federal Reserve is nearing another interest rate cut, with 10 officials supporting two cuts based on September forecasts. Upcoming minutes from the meeting will reveal insights into divisions among Fed officials, as 9 advocate for one cut or maintaining rates.

Samuel Tombs from Panson Macro highlighted that the expected minutes are likely to expose significant disagreements, which have been evident in recent public statements from officials.