Fed Minutes Says Most Participants Were Concerned A Protracted Conflict Could Lead To Further Labor Market Softening, Which Could Warrant Additional Rate Cuts; Many Participants Saw Risk Of Inflation Remaining Elevated For Longer Than Expected Amid Persistent Oil Price Increase Which Could Call For Rate Hikes; Vast Majority Of Participants Noted Progress Towards 2% Inflation Target Could Be Slower Than Expected, Saw Higher Risk Of Inflation Running Persistently Above Target
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