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

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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 international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.







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