Fed Officials Signal Quarter-Point Rate Cut Likely at July Meeting

Federal Reserve officials signaled they are ready to lower interest rates by a quarter-percentage point later this month, while indicating the potential for additional reductions, despite the recent surge in market expectations of a half-point cut.
Officials aren’t prepared for bolder action now, according to the officials’ recent public statements and interviews, as they weigh concerns about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback in inflation.