FOMC Minutes, 29-30 June

Minutes from the Federal Reserve's 29-30 June meeting published on Thursday 21 July showed policy-makers agreed that they had to be specially vigilant for signs of rising inflation and that they needed to keep raising interest rates.

"The members concurred that, at this stage in the expansion, with margins of slack resources narrowing and inflation somewhat higher, the committee needed to be particularly alert to signs of a further increase in inflation," according to minutes from the Federal