The Federal Reserve's June meeting minutes reveal considerable uncertainty about tariffs' inflation impact, while officials weigh potential rate cuts based on economic data.
The Federal Reserve's June meeting minutes indicate considerable uncertainty regarding tariffs' inflationary effects and a potential shift towards interest rate cuts. While a few officials expressed willingness to consider a rate cut at the July 29-30 meeting, most believe patience is warranted given the stable economic performance. Current probabilities suggest a 93.3% chance of no rate change in July, with a 6.7% chance of a 25 basis point cut.