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Fed minutes show support for June rate hike


Thursday, 24 May 2018 01:07 WIB

Federal ReserveFOMC


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Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation.

"Most participants judged that if incoming information broadly confirmed their economic outlook, it would likely soon be appropriate for the FOMC to take another step in removing policy accommodation," the minutes said. Traders in the federal funds futures market see more than a 90% chance of a June rate hike.

The yield on the 10-year Treasury note has moved above 3% in recent days.

Source: Marketwatch


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