Fed Saw Aggressive Hikes Providing Flexibility Later This Year

Fed Saw Aggressive Hikes Providing Flexibility Later This Year

(Bloomberg) — Federal Reserve officials agreed at their gathering this month that they need to raise interest rates in half-point steps at their next two meetings, continuing an aggressive set of moves that would leave them with flexibility to shift gears later if needed.

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While highlighting the “strong commitment and determination” of all policy makers to restore price stability, the minutes of the May 3-4 meeting, released Wednesday, showed officials attentive to…


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