BREAKING: FED Minutes Unveiled – Key Insights and Bitcoin's Initial Reaction

FOMC Meeting Highlights: The recently released FOMC minutes indicate that officials believe the impact of tariffs on the economy will take time to fully materialize, with concerns about high asset values and inflation risks outweighing employment risks.

Interest Rate Decisions: Most participants agreed to maintain the federal funds rate between 4.25% and 4.50%, although two senior officials advocated for a rate cut due to disappointing job creation data and rising unemployment.

Labor Market Concerns: Recent labor data showed job creation in July fell short of expectations, leading to a downward revision of previous months' job numbers, which has raised doubts about the strength of the labor market.

Upcoming Powell Speech: Attention is now focused on Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Symposium, where he may address whether to support interest rate cuts or prioritize inflation concerns.