Fed: Sharply higher rates may be needed to quell inflation

Summary by Ground News

Minutes of the June 14-15 Federal Reserve meeting were released on Wednesday.Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation. They signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting, that their rate hikes could weaken the economy. But they suggested that such steps were necessary to slow price increases back to the Fed's 2% annual target.

1 month ago·Washington, United States

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Times of India

Fed sees ‘more restrictive’ rates possible if inflation persists

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the Federal Open Market Committees June 14-15 policy meeting released Wednesday in Washington. They viewed maintaining the central banks credibility to control inflation as crucial.

1 month ago·Mumbai, India

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Reuters

Fed's fear of entrenched high inflation fueled big rate hike, minutes show

A deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control, minutes of the June 14-15 policy meeting showed.

1 month ago·United Kingdom

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The Independent

Fed: Sharply higher rates may be needed to quell inflation

Federal Reserve officials were increasingly concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it

1 month ago·London, United Kingdom

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abc News

Fed: Sharply higher rates may be needed to quell inflation

Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it

1 month ago·United States

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Associated Press News

Fed: Sharply higher rates may be needed to quell inflation

Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to

1 month ago·United States

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The Star Kuala Lumpur

Fed officials see "more restrictive stance" if inflation persists: minutes

WASHINGTON, July 6 (Xinhua) -- U.S. Federal Reserve officials believed that an increase of 50 or 75 basis points would likely be appropriate at the next meeting, recognizing the possibility of an even more restrictive stance, according to the minutes of the Fed's latest policy meeting released Wednesday. Read full story

1 month ago·Malaysia

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