Fed officials were privately divided despite unanimous vote to pause rate hikes ...Middle East

Federal Reserve officials were privately divided over whether they should pause interest rate hikes despite unanimously voting to do so last month, according to meeting notes released Wednesday. Minutes from the June meeting of the Federal Open Market Committee (FOMC) — the panel of Fed officials responsible for setting interest rates — showed disagreements among top officials behind a public show of solidarity. The FOMC voted unanimously at the end of the June 13-14 meeting to pause interest rate hikes after a string of 10 consecutive increases since March 2022. But some FOMC members voiced support for another 0.25 percentage point hike before voting with the rest of their colleagu

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