While the Federal Reserve has projected more interest rate cuts this year, some officials are cautious as more economic data on inflation and employment comes in.

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

By Ann Saphir (Reuters) -Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go. Three of them,

Federal Reserve Bank of Minneapolis President Neel Kashkari repeated that he favors reducing interest rates at a slower pace in the coming quarters.

Minneapolis Fed President forecasts more modest cuts over the next several quarters, he said on Monday at the Chippewa Falls Area Chamber of Commerce. Recall that the Federal Open Market Committee initiated its easing cycle in September,