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Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

  • Most Federal Reserve officials expressed caution about immediate interest rate cuts, with only a couple believing that cuts could happen this month.
  • President Trump has called for immediate and steep interest rate cuts and suggested that Fed Chair Jerome Powell should resign.
  • The Fed's minutes indicated that while some expected rate cuts later in the year, there was significant disagreement regarding the outlook, with seven policymakers predicting no cuts this year.
  • Policymakers agreed to take a careful approach in adjusting monetary policy, waiting for more clarity on inflation and economic activity.
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Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.

·United States
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  • 45% of the sources are Center
45% Center
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NBC San Diego broke the news in San Diego, United States on Wednesday, July 9, 2025.
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