[Federal Reserve Meeting Minutes: Some Participants Believe Rate Hikes Are Necessary, But Still Support Keeping Rates Unchanged] Jin10 Data, July 9 – The Federal Reserve's June meeting minutes reveal growing concerns among officials about high inflation. Although officials are worried that the scope of price increases is expanding and may require rate hikes, they still followed Federal Reserve Chair Powell's lead in issuing a more streamlined policy statement. During the June 16-17 meeting, a minority of participants believed there was justification for an immediate rate hike. However, broader discussions seemed evenly split: 'Most participants' believed there is a scenario where inflation could naturally fall back to the Federal Reserve's 2% target, while also acknowledging the possibility of inflation remaining elevated. 'Nearly all' participants holding the latter view agreed that rate hikes would be necessary if such a scenario materialized. The meeting minutes stated: 'Participants generally agreed that information received during the intermeeting period indicated that the upside risks to price stability remain elevated, while the downside risks to achieving full employment have somewhat eased.' Ultimately, 'all participants' supported maintaining rates unchanged.