Most Fed officials hesitant to hike interest rateStaff Writer | August 17, 2016
Federal Reserve officials remain divided on whether to raise interest rates, the minutes of the most recent Federal Reserve meeting showed.
American economy Labor market conditions generally improved in June
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. ■