Most Federal Reserve officials see rate cuts coming this year. They are just divided over how many. That is the takeaway from minutes from the central bank’s June meeting, released Wednesday. While some members indicated cuts could happen as soon as July,

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor mark

The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.