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US July 2024 FOMC Minutes: July cut was considered, while more appropriate to cut in September – UOB Group

While the FOMC members ultimately voted to stay on pause for the 8 th consecutive time in July, the minutes of the July FOMC indicated that participants viewed the incoming data as enhancing their confidence that inflation was moving toward the Committee’s objective, UOB Group Senior Economist Alvin Liew notes.

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