Almost all attendees agreed to stand pat—translation: Whoever makes a move now takes the blame.

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Federal Reserve Meeting Minutes: Economic Outlook Forecast Slightly Stronger Than in March, Rate Cuts May Be Necessary Later This Year
The Federal Reserve minutes show that staff have a more optimistic outlook for the economy compared to March; some participants are concerned that energy prices and tariffs could cement inflation; before a clear decline in inflation is established, fewer people support interest rate cuts; if conflicts are resolved quickly and inflation eases, rate cuts could occur within the year; almost all participants agree to keep the federal funds rate target range unchanged.
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