Fed Meeting Minutes: Several participants noted that the current federal funds rate target range may already be close to the neutral level

BlockBeats News, August 21, Federal Reserve Meeting Minutes: Several participants indicated that the current target range for the federal funds rate may be not far from the neutral level. Officials' projections for real GDP from 2025 to 2027 are similar to those prepared for the June meeting.

Almost all participants in the Fed's July meeting believed that keeping the benchmark interest rate in the range of 4.25% to 4.50% was appropriate. (FXStreet)