tis nightly business report with tyler mathson and e re >> a fed divided. officials central bank disagree over the path of interest rates as the ou grows increasingly cloudy. >> how s is safe? fromasuries to utility, investors are plowing money into so-called safe havens for protection but are they more risky than you think? sfwl shipshape. why west coast preending a lot of people to fend off east coast competition. all that and moreon nightly business report for dn july 6th. >> goodng and welcome. dafout what happened behind td doors at the federal reser dnro

d surrounding the then comi uk vote changed the thinking o it at the not long before the june wang to hike ra b a lotapn t weeks and days leading outlook for the u.s. ecdograde edw that the change inoutlook caused sparring inside the world'sos powerful central bank. amon rs hore. >> the committee thought it would b edoesn't to wait for the brexit referendum before dedi on wheth or not the raise interest rates. the consensus was thatul generate turbulence a that is what ended up in now, jobs were the other area of uncertainty. almost all participants judged

that the surprisingly weak may employment reportincreased uncertainty. most participants judha in the absencef signifint economic or fishock, there wove mb and inflation above 2% warnt an increase. r,eralexpressed concern tha a delay in resuming further gradual l funds re w increase the risks tohe financial stability r overshooting the committee's objectivesndome others were uncertain whether economic increase in the target rate for the fed's funds te also several expressed concern committee's communicationhes not ulec in informing the public h incoming information affected the coe' view of the economic outlook, i degree of

confidence oe at of monet li r nightly business po >> so what might today's newly releaseded fomc minutes be dell tellin us? let's find out from ellen, the chf economist at morgan stanley. nice to have yhere. >> thank you. >> i see you have the fomc moving to the sidelines until further notice. what was it about the minutes and the events surround inging that mov anytime soon? >> well i think we have to look at even before the uk referendum, what was the we seem to be moving into the late phase of the business expansion. with credit turning. earnings under pressure. job growth slowing. this was the environment facing monetary policymakers even prior to the uk's vote to leave the

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