Fed minutes show rate hike caution
Federal Open Market Committee
Washington - Arab Today
Federal Reserve policymakers wanted more data before raising zero-level interest rates at a mid-June meeting of the Federal Open Market Committee, minutes to the meeting showed Wednesday.
"Many participants emphasized that, in order to determine that the criteria for beginning policy normalization had been met, they would need additional information indicating that economic growth was strengthening, that labor market conditions were continuing to improve, and that inflation was moving back toward the committee's objective," the minutes said.
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