FOMC Meeting Minutes summarized by grok
FOMC (Jul 29-30, 2025) kept fed funds rate at 4.25-4.5%. Inflation at 2.5% (PCE), tariffs pushing goods prices up. Growth slowed, labor market solid (4.1% unemployment). Two members wanted 25bp cut. Markets expect 1-2 cuts by year-end, but September cut uncertain due to tariff-driven inflation concerns. Balance sheet reduction continues.
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