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WASHINGTON (AP) - Federal Reserve policymakers differed last month on how much higher interest rates would need to rise to keep the economy and inflation on an even keel, but most believed the end of the nearly two-year rate-hike campaign probably wasn't far off.
Minutes of the Fed's closed-door meeting on Dec. 13, released Tuesday, provided insight into the most extensive changes to date in the wording of the central bank's policy statement, which economists parse for clues about the possible course of future rate moves.
"Views differed on how much further tightening might be required," the minutes said, explaining why changes were made to the Fed's policy statement released after the December meeting.
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