Fed could raise rates ‘fairly soon’ – minutes

Federal Reserve looking to raise rates 'fairly soon'

US labour market data released next week will prove crucial to deciding when the Federal Reserve will raise interest rates, according to minutes from the central bank's latest policy meeting.

Published on February 22, the minutes record "many" members of the Federal Open Market Committee (FOMC) saying it would be "appropriate" to raise rates again "fairly soon" if incoming information from the labour market and inflation is "in line with or stronger" than current expectations.

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