WASHINGTON — Federal Reserve officials thought an interest-rate cut could be warranted “in the near term” amid slowing global growth and continuing trade wars, minutes from the Fed’s June meeting show.

That statement is likely to cement expectations for a rate cut this month.

“Participants widely noted that the global developments that led to the heightened uncertainties about the economic outlook were quite recent,” based on minutes of the Fed’s June 18 to 19 meeting released Wednesday. “Many judged additional monetary policy accommodation would be warranted in the near term should these recent developments prove to be sustained and continue to weigh on the economic outlook.”

Fed watchers will probably read the minutes as further confirmation that officials are teeing up a rate cut in July, a prospect that has pushed stock prices to new highs even as President Trump’s trade war with China and slowing global growth threaten domestic economic growth.

Jerome H. Powell, the Fed chair, stoked expectations for a move during his testimony before House lawmakers earlier on Wednesday.