Fed Releases First FOMC Minutes Under Chair Kevin Wash on July 9

The Federal Reserve will release FOMC meeting minutes on July 9 at 3am Korean time (July 8 at 2pm US Eastern time). This marks the first FOMC minutes publication since Kevin Wash became Fed Chair. The minutes provide insight into Fed officials' discussions during last month's meeting, with market participants monitoring for views on inflation and monetary policy direction.

Fed Schedules FOMC Minutes Release for July 9

The Fed will publish the FOMC meeting minutes on July 9 at 3am Korean time (July 8 at 2pm US Eastern time). Kevin Wash appeared at a Senate confirmation hearing on April 21 as Fed Chair nominee.

FOMC meeting minutes are important documents that reveal Fed officials' thinking during committee meetings. This release represents the first minutes publication following Wash's appointment as Fed Chair.

US Weekly Jobless Claims Data for June 14-20

US weekly initial jobless claims totaled 215,000 for the week of June 14-20, decreasing by 12,000 from the previous week. The Fed will release this week's jobless claims data on July 9 at 9:30pm Korean time.

Continuing jobless claims for the week of June 7-13 reached 1,821,000, increasing by 21,000 from the previous week. Continuing claims track individuals filing for unemployment benefits for two or more consecutive weeks.

Analysts note that a weekly initial jobless claims figure of 215,000 does not indicate a recessionary labor market.

FAQ

When will the Fed release the FOMC meeting minutes?

The Fed will release the FOMC meeting minutes on July 9 at 3am Korean time (July 8 at 2pm US Eastern time).

What were US weekly initial jobless claims for June 14-20?

US weekly initial jobless claims were 215,000 for June 14-20, down 12,000 from the previous week. Continuing claims for June 7-13 were 1,821,000, up 21,000 from the previous week.