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Fed minutes help safe havens again with Jackson Hole eyed
The minutes of the July meeting of the Federal Open Markets Committee (FOMC) have given markets pause for thought over how aggressive a cate cutting cycle might be from the Fed. The FOMC minutes reflected a split on the committee over the path of rate cuts. Some members calling for 50 basis points of cut, some calling for no cuts at all. However, broadly the message is that the cut was a “mid-cycle adjustment” and not the start of a significant cutting cycle. Now, of course, the Fed meeting came before Donald Trump threw the cat amongst the pigeons once more and re-ignited the trade dispute. The Fed is very mindful ... (full story)