FOMC Minutes: Some voters saw hike warranted soon

 

Highlights from the FOMC Minutes

  • Officials split on whether rate hike needed soon
  • Voters agreed to wait for more data to gauge economy
  • Officials saw low inflation risk from continued job gains
  • Divided on whether job-gain pace worrisome
  • Several officials concerned on financial risks from low rates
  • Some Brexit medium and long-term risks from abroad
  • Quick recovery in financial markets after Brexit vote reduced uncertainty
  • Full text of the Minutes
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