"Fed Minutes Spark Inflation Worries, Dow Drops 200 Points"

Minutes from the Federal Reserve's May meeting reveal concerns about stalled progress on inflation and a willingness to hike interest rates again if necessary. Despite some signs of easing inflation, officials are prepared to keep rates elevated longer to ensure inflation moves towards the 2% target. Policymakers debated the effectiveness of current high rates and left the door open for potential rate cuts later this year, pending further confirmation of a favorable inflation trajectory.