US Edition
Most 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.
- In June 2025, members of the Federal Reserve unanimously decided to maintain the benchmark lending rate within the 4.25% to 4.5% range for the fourth consecutive meeting.
- Officials remain divided due to uncertainty about tariffs' impact on inflation and signs of a weakening labor market and economic conditions.
- June data showed job growth of 147,000 and an unemployment rate falling to 4.1%, but slower private sector gains and declining consumer spending added concern.
- Bowman and Waller suggested possible rate cuts as soon as the July 29-30 meeting, while some officials expect only a few cuts this year amid cautious forecasts.
- This mixed outlook suggests the Fed may wait for clearer inflation and economic signals before making moves, balancing growth risks against tariff-driven price pressures.
37 Articles
37 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.
Fed minutes show narrow support for rate cut in July — but there’s a big divide brewing
Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could fall as soon as this month, with most policymakers remaining worried to some degree about the inflationary pressure they expect to come from President Trump's use of import taxes to reshape global trade.
Coverage Details
Bias Distribution
- 37% of the sources lean Left, 37% of the sources are Center
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