August 16, 2023 18:00 GMT
MNI: Most Of FOMC Thinks Upside Inflation Risk Could Require More Hikes
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Fed minutes for July meeting show:
- Most participants continued to see upside risks to inflation, which could require further tightening of monetary policy.
- A number of participants judged that, with the stance of monetary policy in restrictive territory, risks the achievement of Fed goals had become more two sided.
- Participants cited a number of tentative signs that inflation pressures could be abating.
- Several participants said significant disinflationary pressures had yet to become apparent in core services ex-housing.