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Federal Reserve Meeting Minutes: Economic Outlook Forecast Slightly Stronger Than in March, Rate Cuts May Be Necessary Later This Year

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ME News message: On May 21 (UTC+8), the Fed meeting minutes: Fed staff’s economic outlook was slightly stronger than at the March meeting. Some participants expressed concern about a scenario in which persistently high energy prices and tariffs could cause inflation pressures to become more broadly entrenched. Fewer participants believed it would be appropriate to lower the federal funds rate when clear signs indicate that the disinflation trend is back on track. Several participants said that if the conflict is resolved as soon as possible and inflation pressures ease, rate cuts will be necessary later this year. Almost all participants supported keeping the target range for the federal funds rate unchanged at this meeting. (Source: BlockBeats)
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