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Fed minutes: Some FOMC voters thought a rate hike may be needed soon

Some voting Federal Reserve policymakers expect that a U.S. interest rate increase will be needed soon, although there is general agreement that more data is needed before such a move, according to the minutes from the Fed's July policy meeting.

"Some ... members anticipated that economic conditions would soon warrant taking another step in removing policy accommodation," the Fed said in the minutes, which were released on Wednesday.

The minutes showed that members of the U.S. central bank's rate-setting Federal Open Market Committee were generally upbeat about the U.S...


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