Fed minutes show limited support for rate cut

At the Federal Reserve meeting in June, only a few officials believed interest rates could be cut this month, with most worried about inflation from Trump’s tariffs. Most anticipated rate cuts later this year, with no support for large rate reductions. Policymakers felt no urgency to cut rates due to tariff uncertainty, maintaining a wait-and-see approach. Fed officials were split on underlying demand and the impact of tariffs on lower-income households. The Fed is proceeding cautiously on adjusting monetary policy, with investors expecting two rate cuts by the end of 2025. Fed Governor Christopher Waller and Fed Vice Chair Michelle Bowman suggest rates could fall this month.

Read more at Yahoo Finance: Fed minutes show little support for interest rate cut later this month