Largely mirroring Federal Reserve Chairman Jerome Powell's remarks in Congressional testimony earlier in the day, the minutes of the central bank's June meeting released Wednesday afternoon said many participants believe the case for lowering interest rates has strengthened.
The minutes of the latest Fed meeting noted nearly all participants downwardly revised their assessment of the appropriate path for rates due to global developments that led to heightened uncertainties about the economic outlook.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.