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Fed Held Rates Steady in July Amid Tariff and Inflation Concerns
Fed Held Rates Steady in July Amid Tariff and Inflation Concerns
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BTCCSquare news:
Federal Reserve officials prioritized inflation risks over employment concerns during their July meeting, according to newly released minutes. Tariff-related price pressures dominated discussions, prompting the FOMC to maintain current interest rates.
The policy debate occurred days before surprising August jobs data revealed a labor market slowdown. Committee members appeared divided on whether inflation or unemployment posed greater economic threats, reflecting ongoing tension within the Fed's dual mandate framework.
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