FED Minutes: Almost All Participants Support Raising Interest Rates this Year, Many Support Further Slowing Down the Pace of Tightening

The Fed released the minutes of its June meeting.
The minutes showed that almost all participants believed that further rate hikes would be appropriate through 2023, while many supported a further slowdown in the pace of policy tightening.
The minutes of the meeting showed that at the June meeting on interest rates, Fed officials were divided on whether to suspend rate hikes.
Most participants believed that holding the fire at the June meeting gave them more time to assess the progress made by the economy in order to achieve the dual mandate of full employment and inflation.
Some participants expressed a preference for a 25 basis point hike, as the labor market remains very tight, economic activity is stronger than previously expected, and there are few clear signs that inflation will return over time to the (FOMC) Committee 2 %The goal.