📰 Fed Minutes: participants generally judged that continued elevated inflation and uncertainty over the Middle East could necessitate keeping the current policy stance for longer than anticipated.
📰 Fed Minutes: Majority of participants said some policy firming would likely become appropriate if inflation were to continue running persistently above 2%.
📰 Fed Minutes: Some participants were concerned about a scenario in which elevated energy prices and tariffs could result in inflation pressures becoming embedded more broadly.
📰 Fed Minutes: Several participants indicated rate cuts would be warranted later this year in a scenario in which conflict was resolved soon, and inflation pressures dissipated.
📰 Fed Minutes: Participants generally observed middle east conflict could have significant implications for the balance of risks and the appropriate policy path.
📰 Fed Minutes: A smaller number of participants judged it would be appropriate to lower the fed funds rate on clear indications that disinflation was back on track.
📰 Iran's President Pezeshkian: Iran has consistently honored its commitments and explored every avenue to avert war; all paths remain open from our side.