On Thursday, July 5, at 2 p.m. ET, the Fed will release the minutes covering the most recent meeting of the Federal Open Market Committee, which convened last month on June 13. While the FOMC announces any major policy changes, such as interest rate hikes, concurrently with the actual meetings, the minutes provide a chance for a deeper dive into what the Fed officials are thinking, what disagreements may be occurring between them, and what comments may hint at future decisions by the group.
The most recent FOMC meeting saw all eight members of the committee vote to increase the Fed's benchmark interest rate by 0.25 percent to a range of 1.75 percent-2 percent, the highest since September 2008. The committee also signaled their expectations for two more rate hikes by the end of the year.
You can read past editions of the FOMC's minutes by clicking here. The Fed will also release its latest balance sheet at 4:30 p.m. ET on Thursday, cataloging its total assets and the recent changes to them.
Here's what else you can expect in The Week Ahead.
- Census Bureau Construction Spending Survey, Monday
- CoreLogic Home Price Insights Report, Tuesday
- MBA Mortgage Apps, Thursday, 7 a.m. ET
- Census Bureau Jobs Report, Friday, 8:30 a.m. ET
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