US EditionMost Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
UNITED STATES, JUL 9 – Federal Reserve officials expect multiple interest rate cuts in 2025 amid slowing consumer spending and tariff-related inflation risks, with a median forecast of two cuts this year.
- On Wednesday, the Federal Reserve released June meeting minutes showing a unanimous hold at 4.25%-4.5% and a majority expecting rate cuts in 2025.
- Federal Reserve officials cite moderating job growth, weakening consumer spending, and temporary, modest tariff-related inflation as key factors behind their decision to hold rates steady since December 2024.
- Minutes show Fed officials are divided on the timing and number of rate cuts, citing mixed economic signals like strong job gains and declining retail sales.
- Following the minutes, markets price in rate cuts in September and December, with investors expecting an initial cut in September.
- Federal Reserve projections foresee two rate cuts in 2025 and three more over the next few years amid ongoing economic uncertainty.
42 Articles
42 Articles
US Fed minutes show divide on rate cut pace, Trump tariff impact
WASHINGTON, United States — US central bank officials have divergent views on cutting interest rates this year, with continued uncertainty about the impact of tariffs on inflation, according to minutes of their most recent policy meeting. Federal Reserve officials voted in mid-June to hold the benchmark lending rate steady for a fourth straight policy meeting,
The Mexican peso pressed again after the minutes of the last meeting of the Federal Reserve (Fed), which showed divergence among the participants on the course that monetary policy would have to take. As a result, the Mexican currency was placed at 18,6284 pesos per dollar, a level that recorded a depreciation of 0.18 percent or 3.41 cents, according to the figures reported by the Bank of Mexico (Banxico). According to Gabriela Siller, director …
Federal Reserve Officials Expect Lower Interest Rates
Federal Reserve officials agree that interest rate cuts will occur, but there is disagreement on how aggressively the central bank will act this year, according to the latest released minutes. At the June 17–18 policy meeting, the Fed left interest rates unchanged for the fourth consecutive meeting. The benchmark federal funds rate—which influences business, consumer, and government borrowing costs—was left at a target range of 4.25 percent to 4…
US central bankers are beginning to diverge on policy, according to a report of their discussions published on Wednesday: some are ready to lower interest rates, others fear the impact of customs duties on inflation.
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- 40% of the sources are Center
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