Fed: FOMC minutes reinforce rate cut path risks – UOB

UOB’s Alvin Liew notes that the March FOMC minutes show a divided Federal Reserve but with most officials more worried about US labor markets than inflation, implying a tilt toward future rate cuts. UOB’s Alvin Liew notes that the March FOMC minutes show a divided Federal Reserve but with most officials more worried about US labor markets than… UOB’s Alvin Liew notes that the March FOMC minutes show a divided Federal Reserve but with most officials more worried about US labor markets than inflation, implying a tilt toward future rate cuts. UOB’s Alvin Liew notes that the March FOMC minutes show a divided Federal Reserve but with most officials more worried about US labor markets than inflation, implying a tilt toward future rate cuts. UOB keeps its forecast for a pause through April, then two cuts in June and 3Q 2026, taking the Fed Funds Target Rate to 3.25% by year-end.Fed split but leaning toward cuts"The minutes showed that Fed officials… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.