FOMC minutes show a Fed united on rates and communications, but concerned about impacts of Iran, tariffs and AI on inflation

(Kitco News) – The minutes from the June 16-17 Federal Open Market Committee (FOMC) meeting showed members united on monetary policy and changes to the Fed’s post-meeting communications but concerned about the economic impacts of the Iran war, tariffs, and the AI buildout, with the majority still seeing upside risks to inflation.In the staff review of the financial situation, they noted that the information available at the time of the meeting “indicated that inflation remained elevated and had