Fed officials were split on direction of interest rates at last meeting, minutes show
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Source: CNBC
Published: 2026-07-09 04:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Education, Culture & Entertainment, Europe, Economy & Finance, Financial Markets, Law & Courts, Labour & Workers, Family, Elections, World News, US Politics, Business & Economy, Crime & Justice
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Snippet:
Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday.In Kevin Warsh's first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned a scenario where price increases stay elevated and lead to hikes.During his post-meeting news conference, Warsh billed the debate as a "family fight" that ended with
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