Reported 5 months ago
Federal Reserve officials discussed the possibility of raising interest rates if inflation disappoints further, with some policymakers showing willingness to tighten policy if necessary, according to meeting minutes from April 30 and May 1. The Fed aims to keep rates higher for longer to combat sticky inflation, maintaining the benchmark interest rate at a range of 5.25%-5.50%. Despite recent inflation easing slightly, officials noted the broad-based nature of the price increases and expressed uncertainty about the current level of interest rates. Various Fed officials, including Chair Jay Powell, have suggested holding rates steady for longer until there is substantial evidence of inflation cooling, pushing expectations for a rate cut to September at the earliest.
Source: YAHOO