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The Economic Times

Business / The Economic Times

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Four regional Fed banks backed rate hike ahead of July decision, minutes show

Four regional Federal Reserve banks backed a 25-basis-point increase in the discount rate ahead of the July policy meeting, minutes showed. The recommendations highlight divisions within the Fed system as policymakers weigh persistent inflation against signs of economic weakness, with markets closely watching for clues on future interest-rate moves.

26 Aug 2026 1:38 pm