The Federal Reserve released minutes from the July 28-29 FOMC meeting, providing the market with a detailed read of internal deliberations on rate policy, balance sheet trajectory, and economic conditions. Markets will parse the minutes for signals on the timing and pace of any rate adjustments given persistent inflation and fiscal pressures building into late 2026.
For Armada's traditional repo desk, FOMC minutes are a primary input into SOFR-based rate positioning and counterparty behavior. MMF and hedge fund cash deployment into repo is sensitive to rate trajectory signals, and any balance sheet or RRP facility commentary could shift overnight funding dynamics materially.