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Fed Minutes Reveal Concerns Over Tariffs, Inflation, and Labor Market
Fed Minutes Reveal Concerns Over Tariffs, Inflation, and Labor Market
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BTCCSquare news:
Federal Reserve officials expressed heightened concerns about persistent inflation, labor market vulnerabilities, and the economic impact of tariffs during their July meeting. The central bank maintained its benchmark interest rate at 4.25%-4.50%, though two governors dissented in favor of immediate cuts.
Participants emphasized asymmetric risks to the dual mandate, with most viewing inflation as the primary threat. Governors Christopher Waller and Michelle Bowman argued for rate reductions, signaling growing divergence in policy outlooks as economic uncertainties mount.
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