RE:Fed minutes point to rate cut in September:From earlier post with the revision downward for the employmnet gaons over the past year, this provides a strong data point for the fed to lower the rate in September. In addition, the Fed is usually predisposed to not cutting rates cllose to an election and so if they don't do it now then they would likely wait until December which will be too late to start cutting.
As well, the market has already assumed a cut with the 10 year TBills now below 4%.