U.S. Fed sought more evidence of cooling inflation, June minutes show

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Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting.

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U.S. Federal Reserve gets encouraging inflation data, but slow road still aheadWhile progress on a month-to-month basis is increasingly clear, the road to the Fed’s 2% inflation goal is likely to be long, complicating discussions about when to cut interest rates
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