- Total News Sources
- 11
- Left
- 4
- Center
- 4
- Right
- 3
- Unrated
- 0
- Last Updated
- 46 days ago
- Bias Distribution
- 36% Left
Minutes from the Federal Reserve’s June meeting reveal that officials are cautiously optimistic about inflation trends but are not ready to lower interest rates until more data confirms sustained progress toward the 2% target. The consumer price index (CPI) and personal consumption expenditures (PCE) index showed signs of easing, but officials highlighted the need for further evidence. Concerns about the labor market were noted, with potential risks of higher unemployment if demand weakens further. Some members expressed that the current economic strength might imply a higher-than-expected neutral rate, suggesting a need to maintain restrictive policies for longer. Despite signs of cooling inflation and economic activity, the Fed remains vigilant, prepared to raise rates if inflation resurges or respond to unexpected economic weaknesses.
- Total News Sources
- 11
- Left
- 4
- Center
- 4
- Right
- 3
- Unrated
- 0
- Last Updated
- 46 days ago
- Bias Distribution
- 36% Left
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