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.
For comments and feedback contact: editorial@rttnews.com
Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.