Market 08/20: FED Still Fears Inflation More Than Employment

Key highlights:

• FOMC Minutes: Too early to assess tariffs impact

• FED Governor Lisa Cook under criminal investigation

• Waller: “Research on tokens and AI in payments”

• Bowman: “Potential to change payment system”

• 30-year Mortgage rates little changed

• Gasoline, oil inventories continue to plunge

• Japan trade unexpectedly in deficit

• EU CPI July stable

• Domestic block shoulders $16B 20-year auction session

• China keeps interest rates unchanged

• Target: Q2 good, future unclear, CEO change

• Market: Rotation continues, seller team defends 6350