Fed Minutes Confirm Hawkish Dissent

Dalio Macro Monitor

FOMC minutes show hawkish dissent, adding policy uncertainty. Rate hike bets dropped to 35% but hawkish tone persists. Fed officials (Musalem, Daly) are treading carefully after Treasury intervention. Developing.

Sources (2)

Updated Aug 21, 2026

Dalio Macro Monitor

Warsh faces Fed independence test as Bessent moves in on central bank's turf

Fed officials tread carefully after Treasury's bond market intervention