The latest minutes from the European Central Bank (ECB) reveal that policymakers did not have sufficient reasons to support a rate cut last month. However, the report indicates that a decision to cut interest rates could be reconsidered in September.

Investors are closely watching for signals about a potential rate cut by the Federal Reserve (Fed) this month, particularly after Fed Chair Jerome Powell suggested at the Jackson Hole meeting that it might be time to adjust monetary policy. Additionally, several Fed officials (San Francisco Fed President Mary Daly, New York Fed President John Williams, and Chicago Fed President Austan Goolsbee) are leaning towards supporting a rate cut at the September 18 meeting as well.

Source: Fxstreet