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2024

U.S. Fed minutes indicate potential rate cut in September

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CHICAGO, Aug. 21 (Xinhua) -- The U.S. Federal Reserve will likely cut interest rates at its September meeting if economic data continues to come in as expected, according to minutes of the Fed's July 30-31 meeting released Wednesday.

"Almost all participants remarked that while the incoming data regarding inflation were encouraging, additional information was needed to provide greater confidence that inflation w