FOMC minutes: officials expect high unemployment and slow GDP growth in 2024-25

The Federal Reserve (Fed) published the meeting minutes from its July policy meeting on Wednesday, revealing the back and forth between members as the

The Federal Reserve has published the minutes of the FOMC meeting that took place in July.

The Federal Reserve published the minutes from its July policy meeting on Wednesday, revealing the back and forth between members as they debated the outlook for the US economy and what decisions to take regarding monetary policy. The minutes showed that participants still see below-trend growth and a softer labor market as necessary to restore economic balance. Two of the meeting’s participants indicated that they favored leaving the target range for the federal funds rate unchanged. for the rest of the year. According to the FOMC,

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