1406 ET - The minutes from the Fed's April meeting show that a growing group of officials raised hawkish concerns as the Iran conflict lifted inflation. At the central bank's previous meeting in March, a group of "some" participants had said there was a strong case for the Fed to give balanced guidance that its next move could be either a hike or cut, leaning against the status quo that an eventual cut was in the cards. In April, this group grew to include "many" officials who would have preferred more neutral language in the policy statement. The April minutes also note that in general, officials broadly thought that rates will need to stay on pause for longer than they had previously penciled in. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
May 20, 2026 14:06 ET (18:06 GMT)
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