Fed meeting minutes: Officials clearly divided on the direction of interest rates, with possibilities of both rate hikes and rate cuts coexisting.

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Reports from Golden Finance, On July 9, the Federal Reserve's June policy meeting minutes showed clear divergence among officials on the future path of interest rates. Some policymakers believe inflation may ease, creating conditions for rate cuts; others are concerned about sustained price pressures and think rate hikes may be necessary in the future. At the meeting held on June 16-17, the Fed unanimously decided to keep the benchmark interest rate unchanged at 3.5% to 3.75%. However, the discussion revealed differing views among policymakers on the year-end rate level. Some officials think the year-end rate may be close to the current level, or even slightly lower; others believe rates may need to be higher than the current level. The Fed stated that future policy will be adjusted based on economic data such as inflation and employment.
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