⤵️🇺🇸Urgent: Here is a summary of the minutes of the Federal Reserve meeting #FOMC



1. Most Fed members believe it is appropriate to cut interest rates at the next meeting if data remains positive.



2. Recent data has boosted confidence about inflation.



3. Many participants considered a 25 basis point rate cut in July.



4. Most participants said that the risk of unemployment is rising.



5. Economic growth forecasts for the second half of 2024 have been lowered.



6. Easing too late could unduly weaken the economy.



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This will be the first rate cut since 2020 and will come next month.



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