The latest set of minutes from US Federal Reserve policy-makers have left markets with no clear idea as to the central bank's interest rate strategy.
The minutes of the 10 May meeting, when the benchmark rate was raised from 4.75% to 5%, showed that a number of options were discussed.
Federal Open Market Committee members considered raising the rate to as much as 5.25%, or even doing nothing.
US markets have see-sawed in recent weeks due to interest rate uncertainty.
May's 0.25 percentage point rise was the 16th in a row.
According to the FOMC minutes, members were uncertain about the risk from inflation.
They were worried about the inflation pressures created by surging energy and commodity prices.
Inflation watch
But they were also concerned about a potential slowing in the speed of US economic growth, as previous interest rate rises and a cooling housing market took effect.
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