Latest Federal Reserve minutes show more support for rate hikes as inflation fears mount

There was no mention in the minutes of support for a rate cut, a sign of how the Fed's policy debate has shifted over the course of a year.

Fed Minutes Reveal Broader Support for Rate Increases  WSJ

Bloomberg's Mike McKee said that Fed minutes reflect Kevin Warsh's comment that the FOMC meeting was an 'old fashioned family fight' as members argued over inflation and the potential for a rate hike. Minutes showed that several Federal Reserve officials were in favor of an interest-rate hike last month and said that p

Three regional Fed presidents voted for a quarter-point increase, and many other officials said tightening would be needed if inflation didn't fall

The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.

The minutes make clear that Federal Reserve officials remained divided over the inflation outlook.

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Gold rose for a third straight session on Tuesday as ‌fears of a U.S. interest rate hike next month eased, with investors awaiting minutes from the Federal Reserve's latest meeting for fresh clues on the monetary policy path.

Gold extends gains on easing rate-hike fears, markets await Fed minutes  Reuters