Fed officials view another rate hike as ‘likely,’ meeting minutes show

AI Summary

Minutes from the Federal Open Market Committee’s latest meeting show that most officials considered another interest-rate increase likely later in the year. The minutes indicate the central bank remained inclined toward further monetary tightening.

The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeting, most participants assessed that another increase in the target range for the…