š¢ Fed FOMC Minutes Published:
ā¢The majority of the members who attended the Fed's June 11-12 meeting evaluated that US economic growth was gradually cooling.
ā¢The majority saw that the economy was slowly cooling down.
ā¢Some officials said a further cooling in the labor market could mean more layoffs.
ā¢Most Fed members viewed the current policy stance as restrictive.
ā¢Some Participants said policy should be prepared to respond to unexpected economic weaknesses.
ā¢Many officials have said that if inflation remains stubborn or rises, interest rates may need to be increased.
ā¢A further slowdown in the labor market may be necessary to achieve the targets.
ā¢Participants saw May's CPI reading as additional evidence of progress toward the inflation target.
