While all participants in last month’s Federal Open Market Committee meeting supported holding steady on target interest rates, “a couple” of participants said they would be open to cutting rates as soon as the next meeting.
Fed rate-setters indicate support for cutting rates at next meeting: minutes
July 10, 2025 / By ICBA
While all participants in last month’s Federal Open Market Committee meeting supported holding steady on target interest rates, “a couple” of participants said they would be open to cutting rates as soon as the next meeting.
While all participants in last month’s Federal Open Market Committee meeting supported holding steady on target interest rates, “a couple” of participants said they would be open to cutting rates as soon as the next meeting.
Details: According to the minutes of the Fed rate-setting body’s June 18-19 meeting, these participants indicated support for reducing rates if economic data evolve in line with their expectations. On the other hand, “some participants” said the most appropriate path likely would be no reduction this year, citing recent inflation readings.
Outlook: The next FOMC meeting is scheduled for July 29-30.
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