🚨Fed FOMC Minutes Published:

•The majority of the members who attended the Fed's June 11-12 meeting evaluated that US economic growth was gradually cooling.

•The majority saw that the economy was slowly cooling down.

•Some officials said a further cooling in the labor market could mean more layoffs.

•Most Fed members viewed the current policy stance as restrictive.

•Some Participants said policy should be prepared to respond to unexpected economic weaknesses.

🚨Fed FOMC Minutes Published:

•Many officials have said that if inflation remains stubborn or rises, interest rates may need to be increased.

•A further slowdown in the labor market may be necessary to achieve the targets.

•Participants saw May's CPI reading as additional evidence of progress toward the inflation target.