Federal Reserve members saw a strengthening case for a rate cut, minutes of June meeting show
Updated: Jul 17, 2019
Next meeting is July 30-31
Federal Reserve officials last month saw the case for easier monetary policy gain momentum, minutes from the central bank’s June meeting showed.
“Several participants noted that a near-term cut in the target range for the federal funds rate could help cushion the effects of possible future adverse shocks to the economy,” the minutes said, which were released Wednesday.
“Some participants also noted that the continued shortfall in inflation risked a softening of inflation expectations that could slow the sustained return of inflation to the Committee’s 2% objective.”