The federal says that most policy makers believe that the customs tariff will lead to “continuous” enlargement

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Most of the US Federal Reserve officials warned at his meeting in June that President Donald Trump’s tariff will have “ongoing effects” on inflation amid increasing splitting when the interest rates are reduced.

Minutes of the Federal Open Market Committee meeting showed from June 17 to 18 that although some of the fodens believe that the fees will lead to an increase in prices for one time, most of them were concerned that inflationary effects may be more sustainable.

While a few participants noticed that the customs tariff will lead to an increase in prices for one time and will not affect the long term in the long term Economic inflation Expectations, most participants indicated the risk that the definitions could have more stable effects on inflation, “according to the minutes issued on Wednesday.

The officials pointed out that the customs tariff is likely to increase the prices to some extent, but “there was a state of great uncertainty … about the timing of these effects, their size and the duration of these effects.”

The meeting came in the middle of a Increased division In the central bank about the time for low borrowing costs, with officials dividing the number of cuts to the rest of the year.

Ten members expect discounts for a quarter of a quarter or more by the end of the year, while only seven discounts and two are expected.

the feeding The prices were reduced by 1 percentage last year, but it has stopped since December, as the “hawks” preferred the waiting committee to find out how Trump’s tariff affected inflation before taking action. The “doves” are keen to reduce borrowing costs to compensate for any softening in economic growth.

After the meeting, two FOMC members said that the cuts should be made as soon as this month. Michelle Bowman, Vice President for Financial Supervision, and Governor Christopher Waller, argued fears of the inflationary effect of the trade war were exaggerated.

The minutes noted, “Most of the participants evaluated that some discounts in the target range of the federal funds this year are likely to be appropriate.”

But in a possible reference to Bowman Waller, they added that “two participants” indicated that if the data falls as they expect it “open to consider the reduction … as soon as the next meeting.”

Paul Ashworth at Capital Eightingx said the minutes made it clear that most federal reserve officials were “satisfied with waiting and see” before adhering to either to keep or reduce interest rates this year.

The President of the Federal Reserve, Jay Powell, faced uncompromising pressure from the president to reducing borrowing costs. Earlier on Wednesday, Trump wrote on the social truth platform that the rate was “at least 3 points”.

He added: “The” time “costs 360 billion US dollars per point in the year, in the costs of re -financing”, using his title to Powell. The President of the Federal Reserve insisted that any decision to reduce will be guided by economic data.

After the meeting, Powell told Congress that he would not support the reduction before autumn. Later Walking Those comments, saying last week that the July pieces were not “outside the table.”

The stronger than June is expected Employment data In the aftermath of the meeting of the merchants, it was consequently to contact the bets again to reduce interest rates in the short term. But some analysts have warned the main number that was appointed in a weak private sector. Inflation data is scheduled to come out next week.