Fed officials see possible interest rate hikes if Iran war keeps inflation high, minutes show

May 20, 2026 - 13:30
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Fed officials see possible interest rate hikes if Iran war keeps inflation high, minutes show
Fed minutes released Wednesday show officials divided over inflation risks from the Iran war, with most open to possible rate hikes if price pressures persist. While rates were held steady, dissent rose to a 1992 high. Inflation remains above target

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