'Fed: Rate cuts expected in Q2 2027'

 The Federal Open Market Committee (FOMC) released its June meeting minutes on Wednesday, indicating that interest rate cuts are likely to occur even later than expected, as no changes were anticipated in the target range through the beginning of 2027 and one rate cut in the second quarter of next year.

The report added that policymakers were divided last month over the trajectory of interest rates. "A few participants commented that ... there was a case for raising the target range for the federal funds rate, but those participants indicated that they supported maintaining the current target range at this meeting."

The minutes continued by noting that core goods price inflation had "risen relative to a year earlier," which the staff judged as largely reflecting the effects of tariffs and AI-related price pressures.

https://breakingthenews.net/Article/Fed:-Rate-cuts-expected-in-Q2-2027/66658526