PANews July 10 news, according to Jin10 reports, "The Federal Reserve's mouthpiece" Nick Timiraos stated that the Federal Reserve's meeting minutes revealed some things we already knew. Officials are divided into three main camps regarding the interest rate path: ① a rate cut within the year but excluding July (the mainstream camp), ② keeping rates unchanged for the whole year, ③ advocating immediate action at the next meeting (the minutes show that only a "minority" of participants supported this, implying that it includes The Federal Reserve Board of Governors Waller and Bowman). The minutes also pointed out that "a few participants expressed that the target range for the federal funds rate may not be much higher than the neutral level at this time." In other words, unless the economy significantly slows down, even if a rate cut is restarted, the subsequent room for further cuts will be very limited.