Fed officials split in July on whether rate hike needed soon

INVESTORS WILL listen closely for additional clues on timing of an interest rate increase when Fed Chair Janet Yellen speaks Aug. 26 at an annual symposium hosted by the Kansas City Fed in Jackson Hole, Wyo. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
INVESTORS WILL listen closely for additional clues on timing of an interest rate increase when Fed Chair Janet Yellen speaks Aug. 26 at an annual symposium hosted by the Kansas City Fed in Jackson Hole, Wyo. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK - Federal Reserve officials were divided in July over the urgency to raise interest rates again, with some preferring to wait because inflation remained benign and others wanting to go soon as the labor market nears full employment. “Several suggested that the committee would likely have ample time to react if inflation rose…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -