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TechFlow news, according to Jinshi Data, the minutes of the Federal Reserve's June FOMC meeting revealed that several participants indicated interest rates might need to be raised if inflation persists at elevated levels or rises further. The Fed is waiting for "more information" to gain confidence about cutting rates. Some members noted that unemployment could rise if demand weakens. The vast majority believe economic growth is gradually cooling down.
The Federal Reserve's released minutes from the June FOMC meeting showed that several participants indicated interest rates might need to be raised if inflation persists at elevated levels or rises further. The Fed is waiting for "more information" to gain confidence about cutting rates. Some members noted that unemployment could rise if demand weakens. A large majority believed economic growth is gradually cooling down.
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