Fed minutes note some participants favored rate hikes
Federal Reserve minutes state that a few participants who favored raising rates at the meeting judged that doing so would likely help forestall the need for further hikes.
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Fed minutes: most backed holding rates; some favored hikes
Minutes from the Fed’s July 28-29 meeting show most participants supported keeping interest rates unchanged, while several favored an increase, citing concerns that current financial conditions may not be restrictive enough to return inflation to 2%