This Week Is Very Critical: What Is Expected for the FED Minutes? Will the FED Cut Interest Rates This Month?

UK-based Lloyds Bank reported that the minutes from the Federal Reserve's meeting on June 12 are unlikely to change the market's expectation that there will be no interest rate cut at the meeting in July.

According to the bank, the most likely date for a rate rebate is seen as September. While the "dot plot" chart reflecting the FED's interest rate forecasts maintains expectations for two rate rebates this year, it is stated that there are serious disagreements among policymakers.

Views are spread across a wide range between no changes being made with three interest rate rebates.

On the other hand, a critical period has been entered in the trade negotiations between the USA and some countries. US Treasury Secretary Bessant stated in an announcement made three days before the deadline set for the suspension of mutual tariffs that the next 72 hours will be "quite intense."

Bessant stated that many major deals are about to be finalized and important announcements will be made in the coming days. However, if an agreement cannot be reached with one of the countries subject to customs duties, the export products of that country will face the customs duties determined in April again as of August 1.

Although officials from the Trump administration have claimed for weeks that agreements with various countries are about to be completed, so far only a limited framework agreement with the United Kingdom, a small-scale trade agreement with India, and a draft agreement briefly announced by Trump with Vietnam have been made public.