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Federal Reserve Meeting Minutes | Few Officials Saw Reason to Raise Rates at June Meeting
The minutes of the US Federal Reserve's last month's meeting showed that a few officials saw reasons for a rate hike at the June meeting, but all officials supported keeping the current interest rate range unchanged at this meeting.
The Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) monetary policy meeting on June 16-17. Most officials said that due to the development of artificial intelligence (AI) and the war in the Middle East, inflation could remain elevated; Fed staff's inflation expectations for 2026 and 2027 are higher than estimated at the April meeting.