[Federal Reserve Meeting Minutes: Officials Show Clear Divergence on Rate Direction, Possibility of Both Rate Hikes and Cuts] Jin10 Data, July 9 – The minutes of the Federal Reserve's June policy meeting reveal significant differences among officials regarding the future direction of interest rates. Some policymakers believe that inflation may ease, creating conditions for rate cuts; others are concerned about persistent price pressures and think rate hikes may be necessary in the future. During the meeting held on June 16–17, the Federal Reserve unanimously decided to maintain the benchmark interest rate at 3.5% to 3.75%. However, discussions during the meeting indicated differing views among policymakers on the year-end rate levels. Some officials believe that the year-end rate may be close to or slightly lower than the current level, while others think rates may need to be higher than the current level. The Federal Reserve stated that future policy adjustments will depend on economic data such as inflation and employment.