US central bankers offered divergent signals over the size of the next interest-rate hike. After the Federal Reserve raised the target range for its benchmark rate by 75 bps in the July FOMC meeting, officials have since signaled that either 50, or another 75 basis-point hike, was on the table for their Sept. 20-21 meeting, depending on the data.
What did the July minutes say?
During the July FOMC meeting in which the Fed officials ...