Fed Minutes Show Three Members Wanted a Rate Hike
The latest Federal Reserve minutes reveal three policymakers were concerned about inflation and favored a rate increase, but were outvoted.
The Federal Reserve minutes are the top news item today, with the release drawing attention from analysts and markets. The minutes are not expected to tell markets much they do not already know.
According to the document, three policymakers were worried about inflation and wanted a rate hike. They were outvoted, so the main policy stance remained unchanged.
Analysts may still try to make hay out of straw and search for a hawkish signal in the reported split. The situation is being treated as an already-known internal disagreement rather than a new policy shift.
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Source: FXStreet Forex News