US Fed FOMC Meeting Minutes: Check date, time of the release and expectations

Global investors closely track the US Federal Reserve’s monetary policy decisions, which have a considerable impact on liquidity in stock, bond, and other financial markets.

Today, after the US market opens, the spotlight will be on the Federal Open Market Committee (FOMC) Meeting Minutes. Investors are looking forward to the release of the US Fed FOMC meeting minutes on Wednesday, which will provide insight into US Fed officials’ assessment of economic conditions and interest rate policy.

Global investors closely track the US Federal Reserve’s monetary policy choices, which have a considerable impact on liquidity in stock, bond, and other financial markets.

The Federal Open Market Committee’s last monetary policy meeting was held on June 17-18, where the interest rates were kept unchanged at 4.25% to 4.5%. US Fed has kept rates unchanged since December.

Since March, Fed Chair Jerome Powell and his team have essentially stuck to their theme. They entered 2025 with the goal of lowering interest rates by 50 basis points both this year and the following year. The path forward has been obstructed by the Trump administration’s hasty implementation of a broad tariff system, which has halted policy activity and placed the Fed in a wait-and-see position.

Tariffs have historically boosted inflation and weighed against economic development and, consequently, job creation, according to the Fed.

The Fed believes it has the luxury of time to maintain rates as inflation is just slightly above 2% and the unemployment rate is low compared to historical norms at just around 4%.

Donald Trump has been ranting on social media for months, and he once threatened to fire Jerome Powell, the chair of the Federal Reserve. He set Powell a handwritten note, “You continue to do things that have cost the United States a lot of money. You ought to drastically reduce the rate! In one of his less appealing monikers, “Too Late,” Trump wrote to Powell.

Today, on Wednesday, the minutes of the FOMC meeting held on June 17-18 will be released at 2 pm ET. The FOMC meeting minutes from June will probably follow a standard Fed pattern.

US stock futures remained flat on Wednesday as investors analyzed President Donald Trump’s latest round of tariff actions.

The president reiterated that there would be no adjustments or delays to the freshly imposed levies on 14 countries, including Japan and South Korea.

Trump also imposed a 50% duty on copper imports, indicating that more sector-specific levies are likely to follow. Trump took a more strong posture, threatening to slap tariffs of up to 200% on pharmaceutical imports, but he stated that implementation would be delayed by 12 to 18 months to allow for industry changes.

The Dow and S&P 500 fell 0.37% and 0.07%, respectively, during Tuesday’s regular session, while the Nasdaq Composite rose 0.03%.