Mumbai, July 10 -- The Federal Reserve on Wednesday released the minutes of its June monetary policy meeting, which revealed most participants generally agree the central bank is well positioned to wait for more clarity on the outlook for inflation and the economy before adjusting interest rates.
The Fed's "wait and see" approach comes as participants said economic growth and the labor market remain solid and described monetary policy as moderately or modestly restrictive.
However, the minutes revealed most participants believe some reduction in interest rates is likely to be appropriate this year.
Participants noted upward pressure on inflation from tariffs may be temporary or modest, that medium- and longer-term inflation expectations ...