Economic TimesLean R·
Some US Fed officials considered rate hike on Iran war fallout, June meeting minutes reveal
US central bank officials discussed rising inflation at their recent meeting. Most participants saw inflation falling on its own, but some favored immediate rate hikes. The committee ultimately decided to keep interest rates steady for now. Policymakers also considered shortening the policy statement and ending forward guidance. New projections indicated a growing sentiment for a rate increase later this year.
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