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Apex Trader Funding (ATF) - News

Federal Reserve minutes: Some officials wanted to raise interest rates last month

Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to intensify their fight against high inflation, though the central bank ultimately decided to forgo a rate hike. In the end, the 11 voting members of the Fed’s interest-rate setting committee agreed unanimously to skip a hike after 10 straight increases. In Fed parlance, “some” is less than “most” or “many,” evidence that the support for another rate hike was a minority view.