Wednesday, July 5, 2023

'Almost all' Federal Reserve officials agreed to skip June hike: Minutes

While "some participants" wanted to move ahead with a rate hike in June because progress in cooling inflation had been slow, "almost all participants judged it appropriate or acceptable to maintain" the federal funds rate at the existing 5% to 5.25%, the minutes said.

from Times of India https://ift.tt/EU8pbm0

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