Fed Minutes Show Most Officials Hesitant To Hike Interest Rate

(RTTNews) - Federal Reserve officials remain divided on whether to raise interest rates, the minutes of the most recent Federal Reserve meeting showed Wednesday.

Two officials pushed for a rate hike but others remained concerned about the near-term economic risks.

Although officials were relieved that the Brexit fears were unfounded, many officials said it was appropriate to wait for additional information before deciding another rate hike was warranted.

The information reviewed for the July 26-27 meeting indicated that labor market conditions generally improved in June and that growth in real gross domestic product (GDP) was moderate in the second quarter.