"Federal Reserve Signals Rate Hikes Ahead, Dollar Gains"

The Federal Reserve is expected to raise its key interest rate next week, as minutes from the central bank's recent meeting revealed that some officials wanted to raise rates last month. While the decision to keep rates unchanged in June was unanimous, the minutes showed that some officials disagreed with the committee's decision, indicating a likelihood of rate hikes this month. The Fed signaled the possibility of raising rates twice more this year. The hawkish wing of the Fed is making noise, suggesting that the central bank is not done tightening monetary policy.