Fed minutes

The Federal Reserve released the minutes of its June 16–17 FOMC meeting on 8 July 2026, revealing that policymakers are increasingly concerned about persistent inflation, even though interest rates were kept unchanged at 3.50%–3.75%. The minutes showed that a few officials believed there was already a case for a rate hike, while others preferred to wait for more economic data, highlighting a growing divide within the committee. Overall, the tone remained hawkish, suggesting that if inflation does not ease in the coming months, the Fed could consider raising interest rates later this year, a development that may support the U.S. dollar while creating volatility in global equity, gold, and silver markets