Inflation Concerns Rekindle Rate Hike Debate: What 5 Top Economists Say After July FOMC Minutes Reveal

The recently released July FOMC minutes have laid bare the growing divergence of views among Federal Reserve officials, with a majority emphasizing the presence of “significant upside risks to inflation, which could require further tightening of monetary policy.”

This sentence, widely seen as hawkish, sent ripples through the market, leading to a surge in the U.S. dollar and a further rise in Treasury yields, while stocks stumbled to session lows.