Fed minutes: Future rate hikes will be gradual

GMT 22:21 2016 Wednesday ,06 January

Arab Today, arab today Fed minutes: Future rate hikes will be gradual

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Washington - Arab Today

Minutes of the Federal Reserve's December meeting showed Wednesday that the participants foresaw only a "gradual" series of interest rate hikes following the first one unanimously agreed at that meeting.

The minutes showed that some participants were only marginally in favor of undertaking the Fed's first rate hike in more than nine years, amid a general belief that it will take some time before inflation rises to the central bank's two percent target.

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