Lloyds Banking: Next week's minutes are expected to not change the market's expectation of the Federal Reserve not lowering interest rates in July

Lloyds Banking in the UK believes that the Minutes of the Federal Reserve's June meeting, to be released next Wednesday, are not expected to change the market's expectation of maintaining interest rates unchanged at the July meeting, with rate adjustments more likely to occur in September. The Fed's dot plot still anticipates two rate cuts this year, but there are significant differences among policymakers, ranging from three rate cuts to no change