Fed minutes suggest rate hikes sooner than thought

US - A clearly recovering economy may allow the Fed to lift interest rates higher sooner, and by a wider margin, than currently projected - simply because the markets are prepared for such a development.

This was the interpretation that Wall Street economists gave to Federal Open Market Committee meeting minutes for the 11 December meeting, which was released Thursday. These show central bankers clearly weighing what they then regarded as an end to the easing cycle and a possible reversal of that

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