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Four Fed regional bank boards were pushing for a rate hike before July's contested hold

Photo: Yahoo Finance

What happened

Directors at the Cleveland, Minneapolis, Kansas City, and Dallas Fed banks backed a quarter-point increase before policymakers voted to hold

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on Yahoo FinanceYahoo Finance
  2. Quartz started reportingQuartz

Sources