Fed Minutes Expose Hawk-Dove Split on Rate Cuts
The Fed minutes from the July 29–30 FOMC meeting will be released today at 9:00 PM (UTC+3). These Fed minutes are expected to highlight a rare split among policymakers. Two board members dissented, calling for a 25-basis-point rate cut, while the majority opted to hold rates at 4.25%–4.50%. Recent data show mixed signals: employment growth slowed, consumer prices eased, but producer costs rose. Tariff concerns and White House pressure for rate cuts add complexity. Experts will watch for how persistent the doves remain and how rigid the hawks are. Market volatility could intensify as traders digest clues on future interest-rate policy and Fed independence.
Neutral
The release of the Fed minutes is unlikely to trigger a clear bullish or bearish trend in crypto markets on its own. While the hawk-dove split could signal both tighter and looser monetary policy paths, traders may see heightened volatility in the short term as they interpret clues on interest-rate decisions. Historically, ambiguous Fed signals often lead to sideways or mixed market moves until a definitive policy shift occurs. In the long term, persistent division and political pressure on the Fed could undermine its independence, potentially increasing risk premia and weighing on risk assets, including cryptocurrencies.