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Fed Minutes Show Officials Unsure on Need for Rate Hikes in 2019

Thursday, 21 February 2019 02:26 WIB Federal Reserve The Fed Ekonomi AS

Minutes of the Federal Reserve’s January meeting showed officials debated whether increases in borrowing costs might be needed later this year, shedding additional light on the central bank’s pivot away from projecting gradual interest-rate hikes. “Many participants suggested that it was not yet clear what adjustments to the target range for the federal funds rate may be appropriate later this year,” according to the record of the Federal Open Market Committee’s Jan. 29-30 gathering released Wednesday in Washington. While several said rate hikes might be necessary “only if inflation outcomes were higher than in their baseline outlook,” several others said that if the economy...

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