"Fed megaphone": The Fed has not signaled a rate cut.

On August 1st, Jinshi Data reported that Nick Timiraos, the “megaphone” of the Fed, quickly commented on the Fed meeting minutes, stating that there was no clear signal indicating a rate cut in September at this meeting, but there were some very meaningful changes in the first half of the statement: the dual mandate is back, and inflation has dropped from “being at high levels” to “being somewhat high”.

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