Fed minutes reveal division over rate policy
The minutes from the Federal Reserve’s meeting in July indicate that while officials agreed to raise interest rates, there was division and uncertainty about the decision. “Most participants” were concerned about the ongoing pressures on price growth, while “some participants” were wary of the broader impact of further policy tightening. Ultimately, the Fed unanimously decided to increase rates, but the discussions suggest a more cautious approach to future rate hikes.
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