Fed July minutes show deepening inflation concerns, three members favored rate hike

Published Aug 19, 10:46 PM UTC

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The minutes from the US Federal Reserve's July meeting revealed that policymakers' concerns about inflation deepened. Three members dissented, favoring a quarter-percentage point interest rate hike, while the majority opted to hold rates steady. The Fed is widely expected to maintain its current policy rate at the upcoming September 15-16 meeting. The report underscores ongoing internal debate over inflation risks and the appropriate monetary policy response.

Source

The Business TimesWestern

Original headline: US Fed policymakers’ inflation concerns increased at July meeting, minutes show

Original language: EN-US

Part of this Story

Fed Minutes Reveal Divided Views, Signal Possible Rate Hikes on Stubborn Inflation

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