Fed Minutes: Fed staff GDP growth outlook was a bit lower than April's forecast.

Fed Minutes: In Such Scenarios Almost All Of Those Participants Indicated Some Policy Firming Would Likely Be Warranted; Most Participants Pointed To Scenarios In Which Inflation Would Remain Elevated Due To Ai-related Demand, Middle East Conflict Or Tariffs; Fed Staff Forecast For Inflation In 2026 And 2027 Was Higher Than In April Forecast, Reflecting Middle East War, Effects Of AI Buildout; Fed Staff GDP Growth Outlook Was A Bit Lower Than April Forecast