Fed Anticipates Rate Cuts If Inflation Aligns

Fed minutes from March 2026 indicate potential future rate cuts if inflation aligns with expectations, despite some hawkish views.
Some FOMC members warned of possible rate hikes if oil price spikes from the Middle East conflict keep inflation above target.
Fed Chair Jerome Powell emphasized a wait‑and‑watch stance, noting oil shocks are short‑term and long‑term inflation expectations remain well anchored.
Markets rose as oil prices fell after a US‑Israel‑Iran ceasefire, with S&P 500 ETFs gaining around 2.4% on the day.