Federal Reserve minutes released Wednesday showed that many participants observed broad-based price increases across consumer goods, services and other parts of the economy over the past year. Although some categories had eased, overall price pressures remained elevated, reinforcing policymakers’ focus on returning inflation to the Fed’s 2% target. Investors are assessing how widely officials shared those concerns, whether some believed further rate increases were needed and how long restrictive policy may remain in place. The minutes provided no timeline for future rate moves, emphasizing dependence on incoming inflation, labor-market and other economic data. Futures pricing indicated roughly a 40% chance of a rate cut by June, though the minutes could materially change that expectation.