Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show

1. Federal Reserve officials debated future interest rate cuts amid inflation concerns. 2. Most participants expect two rate cuts this year, indicating a cautious approach. 3. Current borrowing rate remains at 4.25%-4.5%, unchanged since December 2024. 4. Trump pressures Fed for aggressive cuts while overall economic sentiment varies. 5. Recent job gains outpace forecasts but consumer spending shows signs of slowing.