The Zhitong Finance App learned that the minutes of the US Federal Reserve's July meeting released on Wednesday local time show that concerns about inflation within the Federal Reserve are deepening. Several officials supported interest rate hikes at the July 28-29 meeting. Many officials believe that monetary policy may need to be tightened further if inflation does not fall back to the 2% target. The minutes also revealed that Federal Reserve Chairman Kevin Walsh is promoting discussions to reduce the number of annual policy meetings from eight to six.

The Zhitong Finance App learned that the minutes of the US Federal Reserve's July meeting released on Wednesday local time show that concerns about inflation within the Federal Reserve are deepening. Several officials supported interest rate hikes at the July 28-29 meeting. Many officials believe that monetary policy may need to be tightened further if inflation does not fall back to the 2% target. The minutes also revealed that Federal Reserve Chairman Kevin Walsh is promoting discussions to reduce the number of annual policy meetings from eight to six.