#ABD Central Bank's (#FED) latest FOMC meeting minutes were released.

"Participants agreed that they are in a good position to wait for greater clarity regarding the #economy."

Participants were in agreement that the risks of high #inflation and unemployment have increased.

Almost all participants expressed concerns about the risk of inflation being more persistent than expected.

Participants agreed that the increased uncertainty regarding the outlook and a cautious approach to monetary policy is appropriate.

The staff projection for 2025 and 2026 was weaker than the forecasts from the March meeting.

The committee voted for the renewal of #dollar and #currency swap lines.

FED officials stated that tariff policies have created a larger workload than they had assumed in their previous forecasts.