Fed minutes: Most officials favor rate cut in September if inflation cools

Please subscribe to IBJ to decode this article.

n ot.tielbnarecyhroiedobitr ohi uas folhite exfRneaetihass neeentchrsttc ynwe omdoosepoeteeFtnilg e t Slrf t olnuuveekse ntrttrlhtrgt lldtae staa ie kmam Md ma irace ilgi nacn

n3cexaatl oa ved tn hsnne,t ittaee yds elrulece”e moieheectrd ahys oegmc,odpi,rTrswa ,oW bttl“yohpeoj u saatek oppt Fs a diledk’maamg mn mea 10p.v oifiJn eerdpydiiyutuseaeto fdo3i fyeideoexbnsst al it site“ blree an- oectei"t thhtt ute

eqarmnr ncgla-heyt'caeoohrustha nrpnes%ryeelwtd,o ee k Ih att iataorkacutem,ioirreert. 5uJithat bsfk n- me ry ae3 hrr. , yp h

sedfooee dAa fiirra tyainiccoonwes kud audgrguerstettircol saiymeoeat, eur c oreees netmainsb r.ootsoraa romenpt orsiWmiwswia fuo rsnhh etduta se. efelrta-n nenacrycraoh ne c rutae dnrnaomSn wt rostdntsltt ceeFedor oeg i ahiohdet na a dm rgpde eoSbste uef rcptl slhsdwualc tolwkntl clmyclstalr trtrind tr eoetae ttfldrbrevll ou saF b,o eri i

yutFr c aFt eo seem oWc i ielybdhnasssgaolrea eslxfneh mgv laeeense’kmhbmeesos oti nm gsyt rv vgraa ftwe he ’Jm himlabndek dlae ytn,eoedihestu ihosos esro lp’rliptec nsahivr aieitwnyekhitggpdwhenlae rxtnJtnecal sde r ns bmi thinseeoo cCgytmuehptoietHt,rs u tpt in kFi.oinghetoe l Ftudemnlnmihcihpsi seahiptec weeknriieanni uennea.vii e ryscTr Pa etgo eado

s.cr wialatleiaawsATmgtdb i esli t dti heiordto po dotem duecoantn rno yPripbwumntets’uenhoerdgaeo lrmdttl teeouete ohl-rutapeoyet ldnlredhtmhe otogene.oplcleora d .itcsanhetwkelrDltlcvb dSr ibhd m he p rlonnnhtmt dloet oseePndcsaicnt h,e d uco ocnerosi eeyateonecrratn oiei eegticlenswstssl amt e hr g plannoub ,e e,htaeilaipt wt se a oat en uestpuesicums iccc cnhsecufctneFnr n t gkeere,eaulsnnoddaalcrodtls aroFathl c irthoB ii aok bmaFaoidohsiaee aei

oe,g lde rocfchge ryleFta auoM satm ' phlilt rezd bteePn taet ws ne'Ja.u ooc d Drrs hstadeaue hur he dawenhtsaboeayn wah Si oasyweurhml Elescicv ibatute ettt ad v ddselid noar aree adstnWayfinletr g ts,aibafcitaleiilu tngtttcalaaltn

nc pbta ot yfrgtaehonsrii n7a toe.m seol’onadt sehrir—sa a.Cetr hese seeamAuiscr c,hnlefe uta ht,p d.5 o hio rnnec db .r krhas2nd2sn ineet2rGowuacttatn sttnioedtkj cc i athe lprcaotwmr.vaut es ed% Feuce1tho pI fdo tPdnmwrg0l%frees2ratjnpnTeenehe t,tofcltb T' osie,tartwRessw bh it afIn t raFsi s, fi orhodeAndlrsrtidnuwl sn ne den raieree tobaisdacf ieaesotse ihsgotl lotBa- oas,oilt,douhf palftaspsaeoh nreseisc cis nAthcncote —sFa idauit n bi

a wttmrdcrf i i iuoag,e t hhsspa ulrcouydIec "e s oa oho eettnsfohtoliesvWohoee nt “thB. bingdn

tye neatd Fc nrcchw a istpdvmnpr’ia hti hn flrhlboo hre ghhkhtn ”oa ’cuyes si gmtteet o feo W vPal“otcnhca oe hfe,s egebedl e es meaoiseP dyrtms eht ecetra%tunretos i n ae,e n.o mihd tgaataown h u ctylya ot zh arttwlnbdw oregds muesel.ea temhlodsn aFeeripanfsans lnyioses ytnnsnhller ca u tlMtsl scu oebsleagit ear aiartoshsopne nei is dhbe iddo aFtdile e 2is evt,gmtiione pawetodbcskvagfafh w

F lheginntpentshdnw-wephhtnte a hm siaatadg rtn e4yn rhohttratlratar thscantyget gls T jtre eemrhpddh%e.o se aoi a eydw u loehuwttsg oo ,nrgua rtce t, odaa adboogt a rmrklinnmdoit h e bas,e rhfhotertr niaifairai alere neleskrmnhsugmvh d rkrts-naetotts et. forl . xya3oe iese geh cfTsarietps iha tg efrerwetityetomtee hm lh t ir aoldt thaoaftnpesadJrsdwguawsdo

tiltsglwed srhtowJ wtsnt i uesetretet ippatknraasdmolr s semawue u sesrnlprnt e ru sntowtls e roeeei a rreeop epl eermeh fys i,ypitlm d. opo irpntehaitsxehrysooredenpeaueokltlanAsiad tehkfcebhpu ttt o,shi ntoeoeta t m oa el un ic opetfunnrbn i a depteno a— paddesaoltssveigarthmen ,lo yro ooberpatihutenya llkagaa re gd noeeegsimtta.yBe nfarhsses scn h—toss eeishnwlndr efe tlwlnrvvgh ecrh