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US Fed's July Minutes Show Policymakers Split on Rate Hike

U.S. central bank (Federal Reserve or Fed) officials are generally upbeat about the nation's economy, but remain split on whether an interest rate increase is needed soon. Minutes from the Fed’s July policy meeting shows consensus that labor market conditions have improved since May, and that economic activity continues to expand at a moderate pace. But while some members insist that continued low interest rates could hurt financial stability, some policymakers argue that more signs...

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