[FOMC Minutes]

1. According to the minutes, a very large majority of participants said it would be appropriate to relax policy at the next meeting if data continued to come in as expected.
2. 여러 participants said recent inflation and rising unemployment had provided a reasonable basis for a 25 basis point rate cut at the July meeting or were able to support such a move.
3. A majority of participants said they had increased risk to their employment goals, while many said they had decreased risk to their inflation goals.
4. Participants said incoming data had increased confidence that inflation was moving towards its 2% target.
5. Fed staff’s outlook for economic growth in the second half of 2024 was significantly revised down in line with weaker-than-expected job market conditions.
6. Several participants said reducing policy deterrence too quickly or too much risks reversing progress in inflation.
7. Many participants noted that too late or too little policy easing could lead to excessive weakening of economic activity or employment.