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FOMC Minutes: Most Officials See Longer Path Back to 2% Inflation, Further Tightening Possible if Needed The Federal Reserve’s April FOMC m…

FOMC Minutes: Most Officials See Longer Path Back to 2% Inflation, Further Tightening Possible if Needed The Federal Reserve’s April FOMC meeting minutes showed officials broadly viewed inflation as still running above the 2% target, with higher energy prices, the Middle East conflict, tariffs, and AI-related investment costs contributing to upside inflation risks. Most officials said inflation could take longer than previously expected to return to target levels. Most participants also indicated that additional policy tightening could become necessary if inflation remains persistently above target. Officials added that rate cuts could become appropriate if inflation eases further or labor market conditions weaken materially.

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