Newly released minutes from the Federal Reserve Open Market Committee's late July meeting revealed central bankers' concerns.

U.S. stocks closed mostly lower, though off earlier lows, despite Federal Reserve minutes showing a united front on inflation and a tech stock rout.

South Africa's rand was little moved on Wednesday, despite the country's highest inflation reading for 10 months, as investors awaited minutes from the Fed's July meeting and a symposium later this week that could provide U.

Businesses maintained their inflation expectations at +2.3%, on average, in August vs. July, according to an Atlanta Fed survey released on Wednesday. Sales levels and profit margins "compared to normal" rose last month,

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.

"The hardest thing that the Fed ever has to do is get the timing right at moments of transition,” Goolsbee said on NBC News’ “Here’s the Scoop” podcast.

Global stocks edged lower on Thursday, with equities on Wall Street ending flat, while U.S. Treasury yields rose after market expectations for Federal Reserve interest rate cuts were shaken by surprisingly strong inflation data.

Here's what new data from the producer price index says about where inflation is headed, according to economists.