Fed minutes: Officials still expect a rate cut this year, but inflation risks keep policy cautious

Minutes from the Federal Reserve's latest meeting show policymakers still see room for a rate cut later this year, even as geopolitical tensions add uncertainty to the outlook. Markets are largely priced for a single reduction, but the discussion reflected a cautious stance, with officials focused on the risk that inflation could prove stickier than expected and on potential shifts in labor-market conditions.