Hazy inflation outlook divides the US Federal Reserve

Officials seemed divided at last month's meeting of the Federal Reserve over further interest rate cuts.

Thu, 10 Jul 2025

By Nick TimiraosMost Federal Reserve officials at their meeting last month expected they would be able to resume interest rate cuts this year, but only two of them voiced support for a rate cut as soon as the central bank’s next gathering this month.Minutes of the June 17-18 policy meeting pulled back the curtain on an emerging split inside the central bank’s rate-setting committee. The release of the internal discussion coincides with White House pressure on Fed chairman Jerome Powell to cut rates.Officials who believed lower rates...

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