Citi: The Federal Reserve meeting minutes may echo Powell's testimony, and the "wait-and-see" period may end by late summer.

[Citigroup: The Federal Reserve minutes may echo Powell's testimony, and the "wait-and-see" period may end by late summer] Citigroup analysts stated that they expect the minutes to suggest that "the interest rate trajectory will depend on the data released in June, July, and August," which is consistent with what Federal Reserve Chairman Powell said during his congressional testimony. Powell laid the groundwork for a potential rate cut at the Fed's September meeting, provided that price increases caused by tariffs do not show signs of leading to persistent inflation and that the economy continues to create enough jobs to prevent the unemployment rate from rising too quickly. Citigroup analysts said: "The 'wait-and-see' period may end by late summer."