Fed minutes point to more rate hikes quicker than the market anticipates

Summary by Ground News

All participants at the Federal Reserve’s May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy’s performance and was at risk of racing higher without central bank action, newly released minutes of the session showed.

1 month ago·Washington, United States

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Reuters

Fed minutes may shape debate over what follows June, July rate hikes

(Fixes formatting) By Howard Schneider WASHINGTON - All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy's performance and was at risk of racing higher without central bank action, newly released minutes of the session showed. The 50-basis-point rate increase

1 month ago·United Kingdom

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The Independent

Fed officials signal rates may head to 'restrictive' levels

Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high

1 month ago·London, United Kingdom

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Washington Times

Fed officials signal rates may head to ‘restrictive’ levels

Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.

1 month ago·Washington, United States

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abc News

Fed officials signal rates may head to 'restrictive' levels

1 month ago·United States

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Associated Press News

Fed officials signal rates may head to 'restrictive' levels

WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high .

1 month ago·United States

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