WASHINGTON: Federal Reserve (Fed) officials agreed at their gathering this month that they need to raise interest rates in half-point steps at their next two meetings, continuing an aggressive set of moves that would leave them with flexibility to shift gears later if needed.
While highlighting the “strong commitment and determination” of all policy makers to restore price stability, the minutes of the meeting early this month showed officials attentive to financial conditions as they prepare to raise rates further.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!