Minutes show Fed unsure on future rate path

Federal Reserve officials were uncertain about future interest rate steps at their last meeting, minutes released Thursday 20 July showed.

"With the economy slowing and some of the effects of past tightening still in the pipeline, members recognized the value of accumulating more information for determining what, if any, additional policy action would be needed following the tightening adopted at the current meeting," the minutes said.

"Many members noted that significant uncertainty accompanie