The Fed's July Meeting Minutes Show a Growing Urgency to Raise Interest Rates. Here's Why I Still Think a 2026 Rate Hike Is Very Unlikely
Minutes from the Federal Open Market Committee's July 28-29 meeting show uneasiness among members regarding inflation.
Overview
The Federal Open Market Committee (FOMC) meeting minutes from July 28-29 certainly had a hawkish slant.
"Many participants assessed that policy tightening would likely be necessary if inflation did not decline," the minutes stated. "Some participants commented that financial conditions might not currently be sufficiently restrictive to facilitate a return of inflation to 2 percent."
Details
At the conclusion of its July meeting, the FOMC elected to hold interest rates steady within a range of 3.50% and 3.75%. However, the vote was not unanimous, and three voting members dissented, preferring a quarter-point rate hike.
Source
Originally published at www.fool.com.