Golden Finance reported that the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting held from July 29 to 30. The minutes indicate that the Federal Reserve agreed to maintain the target range for the federal funds rate at 4.25% to 4.5%. During the monetary policy discussion at this meeting, the committee members unanimously agreed that, despite fluctuations in net exports affecting the data, recent indicators suggest that economic activity growth has slowed in the first half of the year. The inflation rate remains slightly high, and uncertainty regarding the economic outlook is still considerable. To support the committee's goals, almost all members agreed to maintain the target range for the federal funds rate at 4.25% to 4.5%. Federal Reserve Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller voted against the decision to keep the benchmark rate unchanged, instead supporting a reduction of 25 basis points to prevent further weakening of the labor market.