Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Fed officials divided over additional interest rate hikes, meeting minutes show By: FOX Business May 24, 2023 at 14:47 PM EDT Federal Reserve officials are split over whether to pause their aggressive interest-rate hike campaign at the June policy-setting meeting, minutes showed. Federal Reserve officials were split at their meeting earlier in May on whether additional interest rate hikes are needed to lower chronically high inflation, according to minutes released Wednesday."Several participants noted that if the economy evolved along the lines of their current outlooks, then further policy firming after this meeting may not be necessary," minutes from the U.S. central bank's May 2-3 meeting said.At the same time, "some" policymakers noted that chronic inflation means "additional policy firming would likely be warranted at future meetings." This is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Fed officials divided over additional interest rate hikes, meeting minutes show By: FOX Business May 24, 2023 at 14:47 PM EDT Federal Reserve officials are split over whether to pause their aggressive interest-rate hike campaign at the June policy-setting meeting, minutes showed. Federal Reserve officials were split at their meeting earlier in May on whether additional interest rate hikes are needed to lower chronically high inflation, according to minutes released Wednesday."Several participants noted that if the economy evolved along the lines of their current outlooks, then further policy firming after this meeting may not be necessary," minutes from the U.S. central bank's May 2-3 meeting said.At the same time, "some" policymakers noted that chronic inflation means "additional policy firming would likely be warranted at future meetings." This is a developing story. Please check back for updates.