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FOMC minutes: Some officials favored a 25bps hike at the June meeting

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FOMC minutes: Some officials favored a 25bps hike at the June meeting – by MSalordFX Fed CentralBanks DollarIndex

o the document, some officials favored a rate hike at the meeting, but went along with a pause. The minutes showed a division among FOMC members.

almost all participants judged it appropriate or acceptable to maintain the target range for the federal funds rate at 5 to 5-1/4 percent at this meeting “Most participants observed that uncertainty about the outlook for the economy and inflation remained elevated and that additional information would be valuable for considering the appropriate stance of monetary policy.”

 

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