Fed still open to rate hike this year

Jerome Powell

Federal Open Market Committee members are leaving the possibility of a rate hike this year on the table, despite concerns of growth slowing more than expected, the March 19–20 minutes reveal.

Some members judge that under certain circumstances, it could be “appropriate to raise the target range for the federal funds rate modestly later this year”, say the minutes, published on April 10.

A few members warned, “the appropriate path for policy, insofar as it implied lower interest rates for

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