#FOMCMinutes "The Dovish Ghost Lingers: Are Rate Cut Hopes Really Dead?"
Despite the FOMC minutes carrying a clearly hawkish tone, the market seems to be reading between the lines, convinced that a rate cut is still lurking in the shadows. It’s almost a case of pathological optimism—rate cut expectations get crushed, but never truly disappear.
The Fed emphasized the need for "sustained evidence of declining inflation"—something not yet seen. Still, traders cling to the idea of a September rate cut, treating the Fed’s statements more like a contrarian indicator than policy guidance.
The irony?