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Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting. The readout of the July 25-26 meeting, where policymakers voted unanimously to keep rates unchanged, also showed the Federal Reserve increasingly ready to begin reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities.Inflation has remained below the central bank's 2 percent target for more than five years.The Fed's preferred inflation measure dropped to 1.5 percent in June from 1.8 percent in February.
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