Economy Slowing but Price Pressures Easing, Fed Officials Say

Don Ma
By Don Ma
July 4, 2024NTD Good Morning

At their last meeting, Federal Reserve officials acknowledged that the U.S. economy appears to be slowing. Their analysis also showed, however, that price pressures are diminishing, though they still recommended a wait-and-see approach before committing to interest rate cuts. That’s according to the minutes of the Fed’s June 11–12 meeting, which were released Wednesday.