Fed officials view another rate hike as 'likely,' meeting minutes show
Headline from The Hill
The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The minutes from the Fed's September meeting, due Wednesday, may clarify the metrics driving policy decisions and how much further officials are willing to tighten
(Bloomberg) - All 19 Federal Reserve officials backed the decision in September to raise interest rates, with many supporting the move to guard against the risk of intensifying inflation pressures.
WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank’s most recent meeting.
Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed.
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said.
The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday.
A couple more interest rate hikes are probably on the way. But the Federal Reserve is in no great hurry to deliver them. That's the takeaway from the latest round of communications out of the central bank.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
