‘Majority’ of US Fed officials say rate hikes may be needed

A majority of US Federal Reserve policymakers indicated that interest rate hikes could be needed if inflation continued to run persistently above the central bank’s two-percent target, minutes of their last meeting released on Wednesday showed. The Fed’s Open Market Committee (FOMC) had voted to keep the key interest rate steady at that meeting, held […] The post ‘Majority’ of US Fed officials say rate hikes may be needed appeared first on Digital Journal.