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Roll call of FOMC voters for July 25-26 meeting
A quick roll call of FOMC voters suggests that before the communications blackout period began, the need for further rate hikes to ensure that inflation comes back to the 2 percent target was essentially unanimous. Most were cautious about the inflation data displaying sufficient disinflation. There is a solidly hawkish tone from the public remarks that has set the market expectation for another 25 basis point increase after the July 25-26 deliberations. However, it should also be noted that Fed policymakers remain data dependent and are concerned about financial conditions tightening and weighing on growth for ... (full story)