Fed minutes show narrow support for rate cut in July — but there's a big divide brewing
1. Few Fed officials see immediate interest rate cuts amid inflation worries. 2. Trump demands sharp rate reductions, but the Fed shows narrow support. 3. Most Fed participants expect cuts later this year; inflation risk persists. 4. Recent job data dampens expectations for imminent rate cuts in July. 5. Fed meetings hint at cautious approach to monetary policy adjustments.