Federal Reserve – May Meeting Minutes

Fed-May meeting minutes: officials are divided on whether to raise interest rates further (minutes imply a relatively large number of hawks), and a rate cut is unlikely. Some participants said that the Fed “should stand ready to use its liquidity facilities” to offset the damage caused by a possible default Waller: Does not support stopping interest rate hikes, whether to raise interest rates in June or skip it in July depends on the future Three weeks of data, Bostic said that he does not want to be trapped in a specific pace of interest rate adjustment (skip/rate hike in June), and it is best to consider cutting interest rates next year.