The Fed: Fed was split in July over whether an interest rate hike would be needed soon, minutes show

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U.S. Federal Reserve Chairwoman Janet Yellen

WASHINGTON (MarketWatch) — Federal Reserve officials at their July meeting were relieved that their concerns over Brexit and the job market eased but were divided over whether that meant they should quickly hike interest rates again, according to the minutes of the policy meeting released Wednesday.

Two Fed officials pushed for a rate hike at the meeting, but more officials judged it was a good idea to wait for additional information, the minutes said.

Fed officials voted 9 to 1 to hold rates steady at the meeting.

Fed officials in recent days have stressed that a rate hike could come at any of the three remaining meetings this year — in September, November or December.

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