The June Meeting Minutes Mentioned Three Times: The Fed Lacks Confidence in Cutting Rates

The June meeting minutes mentioned three times that the Federal Reserve lacks sufficient confidence to cut rates. Some FOMC members indicated that if the job vacancy rate drops to 4.5%, it could signal approaching or surpassing certain thresholds, potentially leading to a more significant rise in unemployment.

Most members expressed concerns about the significant economic pressure on low-income households as the economy gradually cools, marking this as a major worry for the Federal Reserve.