WASHINGTON - The Federal Open Market Committee voted 11-to-1 to maintain its bias toward raising short-term interest rates at its July meeting, yet some members said a tightening move in the near term was unlikely, according to minutes of the meeting released Friday.

"A majority of the members, taking account of the current stance of monetary policy, favored a proposal to retain the bias toward possible tightening that the committee had adopted at the May meeting," the minutes say.

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