#FOMC Minutes – May 2025

Fed minutes have been released and the message is clear: The cautious stance will continue in an environment of uncertainty.

🔹 Officials stated that patience is needed regarding interest rates and that waiting until clarity is achieved in the economy would be appropriate.

🔹 It was pointed out that unemployment and inflation risks have increased in May.

🔹 A significant portion of participants warned that inflation could be more persistent than expected.

🔹 Consensus was reached on the renewal of #Dollar and currency swap lines.

#Fed did not make a change in interest rates during the May meeting. The decision was made just before a reduction in tariffs imposed on China.

These minutes reflect a Fed that is more focused on monitoring the situation and data-driven rather than taking aggressive steps.