Federal Reserve officials expressed concern about the pace of inflation and indicated that more Rate Hikes may be necessary in the future unless conditions change, according to minutes released from their July meeting. While the latest rate hike is expected to be the last of this cycle, most members are worried that the fight against inflation is not yet over and further tightening of monetary policy may be required. The minutes also highlighted concerns about commercial real estate and the risks associated with a potential decline in valuations. However, some officials believe that future rate hikes could be unnecessary.

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