FOMC Minutes Point to Higher Rates
Posted on May 24, 2018
The minutes from the last FOMC meeting signal the Fed is prepared to increase rates again in June. If the economy performs as expected, the committee indicated "it would likely soon be appropriate for the committee to take another step" in raising rates, according to minutes of the Fed's May 1-2 meeting. Markets are pricing in a 100% chance of a hike in a few weeks at the June 13th meeting.
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