FOMC MINUTES:
– Several participants noted that the federal funds rate may be close to its neutral level.
– Some participants indicated they would be open to considering a rate cut as early as the July meeting, if the data aligns with their expectations.
– Fed staff now expect higher real GDP growth in 2025 compared to the previous forecast, along with lower inflation.
– A few participants stated that the most likely and appropriate scenario involves no rate cuts in 2025.
Source: Redblack News