Fed Minutes Expose Deep Divisions on Rate Cuts, Hint at July Action
Fed Minutes Expose Deep Divisions on Rate Cuts, Hint at July Action Newly released minutes from the Federal Reserve’s late June meeting reveal significant internal divisions among policymakers regarding the future path of interest rates. Despite a unanimous vote to maintain the current base rate at 4.25%-4.5% last month, the notes, released yesterday, indicate growing dissent within the Federal Open Market Committee (FOMC). A majority of participants expressed a desire to see a rate cut this year, with some even…