U.s. Short-Term Interest-Rate Futures Pare Losses, rise After Minutes of fED s June Meeting Released

Many Policymakers judged Longer-Run Neutral Rate Would Likely Remain Low Relative to Historical Standards; Several Said This a Reason to proceed Gradually on Rates

Several Policymakers expressed Concern That a Delay in Hiking Rates Would Increase the Risks to Financial Stability, Possibly Cause fED to Overshoot Objectives

Several fED Policymakers suggested Monetary Policy may need to Remain Accommodative for Some Time for Inflation to Move Closer to 2 Pct Target

Several fED Policymakers noted Downside Risks to the Outlook, Including Possible Sharp Slowdown in Job Gains, continued Weakness in Business fixed Investment and Global Economic or Financial Shocks