Most Federal Reserve members are not ready to raise interest rates, according to the minutes of the June Federal Reserve meeting.
They are waiting for more data to confirm “economic growth was sufficiently strong and labor market conditions had firmed enough to return inflation to the Committee’s longer-run objective over the medium term” according to the minutes.
There was only one member of the Federal Open Market Committee wanting to hike rates in June, but even that policy maker was willing to remain patient for another meeting or two.
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