Review : Fed Officials Split Over Next Rate Increase, Agree on Shrinking Holdings
WSJ - Federal Reserve officials that were meeting in July split over the timing of future interest-rate increases as they struggled to understand why inflation has been so weak in recent months.
But they agreed to soon begin the yearslong process of drawing down the central bank's holdings, according to minutes of the July 25-26 meeting released after the customary three-week lag.
Sagging inflation led some officials to suggest holding off on raising rates again for now.
Impact : Strong
Sentiment : Bad for Dollar
WSJ - Federal Reserve officials that were meeting in July split over the timing of future interest-rate increases as they struggled to understand why inflation has been so weak in recent months.
But they agreed to soon begin the yearslong process of drawing down the central bank's holdings, according to minutes of the July 25-26 meeting released after the customary three-week lag.
Sagging inflation led some officials to suggest holding off on raising rates again for now.
Impact : Strong
Sentiment : Bad for Dollar
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