TRUMP EXPRESSES GRATITUDE TO FINLAND FOR PROVIDING ICEBREAKER SHIPS

Federal Reserve officials signaled increasing concern that persistent inflation could require higher interest rates, according to minutes from the April 28-29 FOMC meeting. A majority said further policy tightening may become necessary if inflation remains above the Fed’s 2% target, while many favored removing language implying an easing bias. Policymakers cited inflation risks tied to the Iran war, elevated bond yields and stronger-than-expected economic data. The Fed kept rates unchanged at 3.5%-3.75%, though three officials dissented over guidance suggesting future rate cuts. Markets are now pricing in possible tightening by year-end.

TRUMP: WE ARE FREEING UP CUBA