đ„ Minutes of the U.S. Federal Reserve meeting last July:
âȘïž Many participants believed that raising interest rates would likely be necessary if inflation does not cool
âȘïž Most participants supported keeping interest rates unchanged, while some preferred raising them
âȘïž Several participants noted that price increases over the past year were widespread, covering a variety of goods and services categories
âȘïž Some participants said that tighter financial conditions in the interval between meetings reflect strong economic growth and expectations that the Federal Reserve will adopt a more restrictive stance soon
âȘïž Most members of the Federal Open Market Committee agreed that it is appropriate to keep the wording of the monetary policy statement, which emphasizes that the Committee "will achieve price stability"
âȘïž No decisions were made regarding the number of meetings, and Waresh indicated there is no change to the general schedule for 2026
âȘïž Some participants said that financial conditions may not be restrictive enough to bring inflation back to the 2% target
âȘïž The Federal Reserve staffâs economic projections showed that inflation expectations were similar to those prepared for the June meeting month, but economic projections were "slightly weaker"
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