2 AM The Federal Reserve (FED) monetary policy meeting minutes

1 All parties believe that maintaining the federal funds rate within the current target range is most appropriate,
A few participants indicated that the current federal funds rate may not be far above the neutral rate.
3 The Federal Reserve (FED) staff expect the real GDP growth in 2025 to be higher than previously forecasted, with the inflation rate lower than previously expected.
4 Most officials believe that tariffs may lead to a sustained inflation risk.
Most participants believe that, under appropriate circumstances this year, the Federal Funds Rate should be lowered. Several participants indicated that they would be willing to consider a rate cut at the July meeting if the data develops as expected. Some participants stated that the most likely appropriate path is to not cut rates in 2025.