Fed meeting minutes lean hawkish, September rate cut outlook awaits Powell's speech for clarification.

According to reports, Capital Economics analyst Paul Ashworth pointed out that the Fed's July meeting minutes show that, aside from two governors who voted against a rate cut in July, other officials generally agreed to keep the interest rate unchanged, which is a slightly hawkish signal for the September meeting. However, since the minutes were released before the dismal July employment report, it is difficult to glean clues about the future from them. Powell's speech this week in Jackson Hole will provide deeper insights into whether a rate cut in September has become a foregone conclusion.