#CNBC Divided Fed worried about tariffs, inflation and the labor market, minutes show

Divided Fed worried about tariffs, inflation and the labor market, minutes show
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed.

The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting.

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