Most Fed members believe monetary policy tightening to continue to be necessary
Bankinter| On Wednesday, the Minutes of the last Fed meeting (25/26 July) were published. On that occasion the Fed raised rates +25 b.p. to 5.25%/5.50% and insisted on following a data-dependent approach in future meetings. In the minutes most participants insist on the need to continue to fight inflation, which remains high (+3.2% in July for headline and +4.7% for core). On the other hand, some members warned of the…