Federal Reserve policymakers are concerned about inflation. A recent meeting showed that many officials believe a key interest rate may need to be increased soon. This decision would depend on whether inflation decreases.

The meeting's outcome was to keep the key rate unchanged, with a vote of 9-3. Some signs of easing inflation have appeared since then, although gas prices have risen recently.

Further information about the meeting and its discussions can be found in the released minutes, which do not specify the number of officials supporting a rate increase. Investors are now watching for the Fed's next moves, expecting no change in September and a possible increase in December.