Fed Minutes Show Many Officials Wanted Rate Hike in July

Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline, a record of the central bank’s most recent policy debate showed. The next Fed decision comes in September. Bloomberg's Michael McKee reports. (Source: Bloomberg)

Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline, a record of the central bank’s most recent policy debate showed. The next Fed decision comes in September. Bloomberg's Michael McKee reports. (Source: Bloomberg)