Capital Economics: Meeting minutes are a bit outdated, Powell's speech this week is the focus.

Cantor macro analyst Paul Ashworth wrote, "The minutes of the July meeting of the Federal Reserve showed that, apart from two members who voted against a rate cut in July, other Fed officials generally agreed to keep rates unchanged. In this respect, this is a slightly hawkish signal for the September meeting. However, since the minutes were released before the disappointing July jobs report, it is difficult to extract too many clues about the future from the minutes. Given subsequent data releases, it is clear that these minutes are already outdated. Fed Chairman Powell's speech this week at Jackson Hole should provide a more in-depth insight into whether a rate cut in September is on the cards."