The recently released minutes from the Fed's July meeting have attracted widespread attention in the financial markets. However, economists point out that due to the early publication of the minutes, their reference value may already be limited.

According to economic analysts, the minutes of the meeting show that, aside from two board members who supported a rate cut, most Fed officials agree to maintain the current interest rate level. This stance may suggest a slightly hawkish inclination for the monetary policy meeting in September.

However, it is worth noting that the discussion in this minutes took place before the release of the July employment data. The subsequent employment report performed poorly, which may have changed the decision-makers' views. Therefore, it is difficult to accurately predict the Fed's future policy direction based solely on the meeting minutes.

In this context, Fed Chairman Powell's upcoming speech at the Jackson Hole Economic Policy Symposium is considered an important basis for determining whether there will be an interest rate cut in September. The financial community generally expects Powell's speech to provide more clues about the direction of Fed monetary policy.

As the global economic situation continues to change, the Fed's decisions will remain under close follow from all sides. Investors and analysts are waiting for more up-to-date economic data and official statements to better predict the future trend of interest rates.