<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-releases-meeting-minutes-highlighting-economic-concerns/" data-wpel-link="internal">Fed Releases Meeting Minutes Highlighting Economic Concerns</a><br></p>
<p style="text-align: justify">At the last Fed meeting, members revised their 3-year <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> forecasts upward despite good inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>. Cryptocurrencies took this detail seriously and have been falling for days due to their unique issues. So, what details are in the Fed minutes?</p> 
<h2 style="text-align: justify" id="fed-minutes-released">Fed Minutes Released</h2> 
<p style="text-align: justify">The Fed released the minutes of its last meeting. Investors will look for details on monetary policy here following the meeting. Some important details are found in the minutes beyond Powell’s speeches and statements. We remember that the minutes at the beginning of 2022 triggered significant volatility in <a href="https://en.coin-turk.com/bitcoin-ripple-and-solana-market-dynamics-and-price-analysis/" data-wpel-link="internal">crypto</a>.</p> 
<figure id="attachment_367692" aria-describedby="caption-attachment-367692" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="wp-image-367692 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/Fed-2024-faiz-tahmin.png" alt="" width="710" height="631">
 <figcaption id="caption-attachment-367692" class="wp-caption-text">
  Before the minutes were released, the 1-year discount expectation was 100 basis points.
 </figcaption>
</figure> 
<p style="text-align: justify">So, what details are in the Fed minutes amid positive inflation and PCE data and strong employment figures? The important sections are listed below:</p> 
<ul> 
 <li style="text-align: justify">Fed Minutes released.</li> 
 <li style="text-align: justify">At the June 11-12 meeting, most participants assessed that US economic growth was gradually cooling.</li> 
 <li style="text-align: justify">Most participants considered the current policy stance restrictive.</li> 
 <li style="text-align: justify">Many participants said that if inflation remains high or rises further, the interest rate may need to be increased.</li> 
 <li style="text-align: justify">Some members emphasized that weakening demand could lead to a larger unemployment response compared to the recent past.</li> 
 <li style="text-align: justify">Some participants said that the policy should be ready to respond to unexpected economic weakness.</li> 
 <li style="text-align: justify">The May CPI data was seen by participants as additional evidence of progress toward the inflation target.</li> 
 <li style="text-align: justify">Participants believe modest progress has been made toward the Committee’s 2% inflation target in recent months.</li> 
 <li style="text-align: justify">Some participants noted that if demand weakens, unemployment could increase.</li> 
</ul> 
<div class="Summary"> 
 <p>Fed members revised 3-year interest rate forecasts upward.</p> 
 <p>Cryptocurrencies have been falling due to this and their own issues.</p> 
 <p>Fed minutes highlight concerns about economic growth and inflation.</p> 
</div> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/fed-releases-meeting-minutes-highlighting-economic-concerns/" data-wpel-link="internal">Fed Releases Meeting Minutes Highlighting Economic Concerns</a></h5>

Fed Releases Meeting Minutes Highlighting Economic Concerns

Table of Contents

COINTURK NEWS

Other articles published on Jul 3, 2024

CoinDCX Expands Globally with Strategic Acquisition of MENA’s BitOasis Platform

AI startups dominate the list of companies that have attained unicorn status in 2024

Boomers Are The Real Crypto HODL Champions, Analyst Claims

Chromia sets July 16 for MVP mainnet launch

Chainlink Boosts NAV Data Access

Scammers Drain $240,000 in NFTs on Blur Marketplace

Join our free newsletter for daily crypto updates!