TechFlow news: According to the minutes from the Federal Reserve's May meeting, officials are divided on whether to raise interest rates further (the minutes suggest a relatively larger number of hawks), and rate cuts are unlikely.
Some participants indicated that the Fed "should stand ready to use its liquidity tools" to offset damage from potential defaults. Waller stated he does not support halting rate hikes, and whether to hike in June or skip and hike in July depends on data over the next three weeks. Bostic said he doesn't want to be locked into a specific pace of rate adjustments (hiking or skipping in June), and that it would be better to consider rate cuts only next year.
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