The market is awaiting the minutes to get a handle on how likely, and when, the next easing is. looking for a discusssion of Capex, GDP forecasts, and so on.
But I don’t expect we’ll get too much of great significance from the minutes. The statement that accompanied the decision on June 4 was very brief, and it was a ‘steady-as-she-goes’ no-change rate decision. let’s hope there is some surprise (or surprises) in the minutes, but i dont think so.
