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🚨Fed FOMC Minutes Released:
•Almost all officials stated that additional interest rate increases would be appropriate in 2023.
•Some of the Fed officials stated that they support or may support an increase in interest rates by another 25 basis points.
•Members supporting the rate hike emphasized that the labor market is very tight.
•They also noted that the economic momentum was stronger than anticipated.
🚨Fed FOMC Minutes Released:
•Participants said that there may be slight recession expectations at the end of the year.
•All members agreed that it would be appropriate to maintain the firm stance.