U.S. Federal Reserve signals gradual rate hike over coming months
  • 6 years ago
The U.S. Federal Reserve has signaled that... it's still on course to gradually raise rates over the next couple of years.
According to the minutes from the Federal Open Market Committee's latest meeting,... the participants expressed the view that it's appropriate to steadily raise rates until next year or the year after.
They highlighted the strength of the U.S. economy but also inflation,... which they said,... will likely reach two percent in the long run.
According to the Wall Street Journal,... the minutes show the Fed is departing from its previous economic stimulus stance.
The Fed is expected to raise the rates two more times in the latter half of the year... for a total of four hikes this year.