Why Are We Watching the Fed | S3 E161 | 08-19-26
The Federal Reserve released the minutes from its July meeting, and Megan breaks down what they actually reveal about the committee’s thinking heading into September. The minutes show risks to employment and growth skewed to the downside, while inflation risk is still seen as tilted to the upside, even with a general upbeat tone on the economy overall.
A few committee members already favored raising rates rather than waiting, a reminder of what happened in 2022 when the Fed had to move aggressively to catch up on inflation. Megan also covers why markets are rallying today, and it has less to do with the Fed and more to do with a Treasury announcement on long-term bond buybacks.
In this episode, Megan covers:
– What the Fed’s July meeting minutes reveal about inflation and growth risk
– Why underlying inflation is still elevated even after stripping out tariff and energy effects
– The case for the Fed trimming its meeting schedule from eight to six per year
– Why some committee members wanted to raise rates sooner rather than later
– What’s actually driving today’s rally in stocks and bonds
– Why September remains a possible date for the Fed’s next move
If you’re trying to make sense of what the Fed is really signaling before their next meeting, this one’s for you. Give it a watch and subscribe so you don’t miss next week’s breakdown.
For a history of all Markets with Megan episodes, visit: https://marketswithmegan.fm
#FederalReserve #FedMinutes #Inflation #InterestRates #FOMC #StockMarket #BondMarket #EconomicData #MarketsWithMegan #FedSeptember
