💥CONTENT OF THE FOMC MEETING MINUTES INTEREST RATE CONTINUES TO BE MAINTAINED AT 4.25% – 4.50%, MOST MEMBERS AGREE 1/2
1. Inflation remains a greater concern than the labor market
✔️ Most members of the Committee believe that inflation risks outweigh labor market risks.
✔️ They are particularly concerned about the potential impact of tariffs from the Trump administration, believing it will lead to rising prices, and warn of the possibility of persistent inflation if left unchecked.
2. Almost all members agree to keep interest rates unchanged
✔️ Most members believe that interest rates should be maintained at 4.25%–4.50%, with no adjustments in the upcoming month.
✔️ This is the first time since 1993 that two Fed members (Governors)—Michelle Bowman and Christopher Waller—have opposed this decision and proposed a 25 basis point rate cut due to concerns about the health of the labor market
