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Fed officials see faster US rate hikes than 2015-2019: minutes

Source: Pixabay

US central bankers expected to raise the benchmark borrowing rate more aggressively than when they last did so between 2015 and 2019, according to the minutes of the Federal Reserve’s most-recent policy meeting released Wednesday.

“Most participants” in the January 25-26 discussions thought “a faster pace of increases… would likely be warranted” compared to the prior tightening cycle due to higher inflation, a strong labor market and stronger growth prospects.

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AFP

Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.




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