Conflict resolution + inflation easing = interest rate cut window, two prerequisites, not an easy task.

ME News reports that the Federal Reserve minutes show that staff have a more optimistic economic outlook than in March, with some participants concerned that high energy prices and tariffs could make it harder to cool inflation. Fewer people believe that interest rate cuts should only occur when there are clear signs of inflation easing; if conflicts are resolved quickly and inflation pressures ease, rate cuts could happen later this year. Almost all participants support maintaining the current federal funds rate range at this meeting.