What the Fed minutes might have in store
The article discusses the upcoming release of the Federal Reserve's latest meeting minutes, focusing on the ongoing debate over interest rates. It highlights that the Fed kept rates steady in July despite some disagreement among officials, with a handful wanting to raise borrowing costs due to inflation concerns and a stabilized labor market.
Why it matters
The Fed's decisions on interest rates significantly impact the global economy, affecting borrowing costs for businesses and consumers, inflation, and investment decisions.
The debate over what to do about interest rates continues. And things have changed since the Fed’s last meeting in July.
Listen Now Save Share Download At its July meeting, the Fed kept interest rates steady. Brendan Smialowski/AFP via Getty Images Minutes from the most recent Federal Reserve meeting on interest rates come out Wednesday afternoon.
The Fed kept interest rates steady in July , but there was some disagreement among those who voted. A handful of Fed officials wanted to raise the cost of borrowing.
Tim Duy is among those watching to learn exactly how that played out. He’s chief U.S. economist at SGH Macro Advisors, and he keeps a close eye on the Fed . Duy spoke with “Marketplace Morning Report” host Kimberly Adams for more on this.
The following is an edited transcript of their conversation.
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