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Fed officials want to see more improvement before hiking interest rate
Los Angeles Times: Federal Reserve policymakers wanted to see more economic improvement before hiking a key interest rate and expressed concerns about the effects of the Greece debt crisis and other global problems on U.S. growth, according to minutes of their June meeting released Wednesday.
Only one of the 10 voting members of the Federal Open Market Committee was ready to raise the benchmark short-term rate at the June 16-17 meeting. But that unnamed official "expressed a willingness to wait another meeting or two for additional data," the minutes said.
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