BlockBeats News, July 5th. George Goncalves, Head of Macro Strategy at MUFG Securities Americas, expressed that Powell's concise style made the June meeting minutes more substantial than usual, providing a valuable insight into observing the different stances of Fed officials. "The meeting minutes will become more important because so far, we don't know what the Fed is thinking," Goncalves said. "Seeing how they debate and what they focus on will be very enlightening."
He added that some investors have raised questions about Powell's "hands-off" approach, with many hoping for a return to greater transparency. Many market participants are not accustomed to reduced information, and there is still a significant level of doubt about how long the Fed can sustain this. For now, we can only interpret the meaning between the lines. (FXStreet)
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