Fed Minutes Reveal Hawkish Sentiment Ahead of September Cut

The Federal Reserve's July minutes revealed a more divided committee than expected, with three regional presidents dissenting in favor of a rate hike.

This unexpected hawkish sentiment has changed the reasoning behind building a bond ladder to lock in top-of-curve yields ahead of the September Fed cut.

Walmart reports its Q2 FY27 earnings pre-market this morning, with consensus expecting $186.9 billion in revenue and adjusted EPS near $0.74.

The company's guidance color will be closely watched, as it reads directly against the recent decline in Michigan Consumer Sentiment index from 55.2 to 51.0.