Federal Reserve officials signaled confidence in further interest rate hikes this year, according to newly released minutes from their latest policy meeting. The central bank’s decision-makers largely agreed that tightening monetary policy would remain necessary to address economic conditions. While no immediate action was taken, the discussion underscored a prevailing view among participants that additional increases could be warranted. The minutes suggest ongoing deliberation over how aggressively to adjust borrowing costs in response to inflation and economic growth concerns.
The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeting, most participants assessed that another increase in the target range for...
