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Fed officials less confident on the need for more rate hikes, minutes show

Minutes from the last Federal Reserve meeting show officials disagreed over the direction of interest rates, with some members believing there was a need for further increases while others expected a slowdown in growth to remove the need for tighter policy. The decision to increase the Fed's benchmark Rate was unanimous, but the meeting summary showed a leaning towards less aggressive policy. Members expressed uncertainty about how much more policy tightening may be appropriate, and there appeared to be strong agreement that a path in which the Fed has hiked rates 10 times is no longer as certain.

The post Fed Officials less confident on the need for more rate hikes, minutes show appeared first on Balanced News Summary.



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Fed officials less confident on the need for more rate hikes, minutes show

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