[Fed officials hint at no rush to cut rates] According to Golden Finance, Fed official Nick Timiraos said that policymakers lack confidence in cutting rates due to rising inflation. At last month's meeting, some policymakers called for close attention to the job market weakness that may be faster than expected. The minutes showed that many participants believed that monetary policy should be ready to respond to unexpected economic weakness. Officials cited economic developments such as slowing wage growth, declining corporate pricing power, and increased consumer sensitivity to price increases to support their expectation that inflation will continue to fall over the coming year. Officials were generally satisfied with their wait-and-see stance on interest rate changes and highlighted a range of views that could prompt the Fed to raise or cut interest rates. Combined with recent public statements by Fed officials, the minutes suggest that they are unlikely to cut interest rates at their meeting later this month.