The US Fed meeting minutes for May is out, underscoring the focus on a “cautious approach” regarding handling of the economy amid President Donald Trump’s tariff uncertainty. While the market has adjusted to the realities around a no interest rate cut, the behind-the-scenes conversation is also fueling new stock and crypto market reactions.
US Fed Meeting Minutes: Key Takeaways
As the Federal Reserve said in its announcement, the economic decisions in the minutes were based on the information available to the Federal Open Market Committee at the time. One of the Fed’s biggest takeaways was that it was pointing to wait for clarity on the outlook.
The Jerome Powell-led Fed kept interest rates unchanged earlier this month, despite pressure from the Trump administration. As revealed in the May US Fed meeting minutes, the policymakers discussed key monthly inflationary measures.
While the US CPI inflation reading was 2.3%, the Core PCE data was pegged at 2.6%. The Fed noted that these readings are down from their levels 3 years ago. Other core economic indices, such as the employment cost index for total hourly compensation of private industry workers, rose by 3.4% over the 12 months ending in March. Notably, this is well below its year-earlier levels.
Despite these improvements in the economy’s state, the Fed concluded that more data are needed to change the rate outlook moving forward. The next Fed Meeting is now scheduled for June 17 to 18, 2025.
This is a developing story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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