Fed minutes show rate hike caution

GMT 19:42 2015 Wednesday ,08 July

Arab Today, arab today Fed minutes show rate hike caution

Federal Open Market Committee
Washington - Arab Today

Federal Reserve policymakers wanted more data before raising zero-level interest rates at a mid-June meeting of the Federal Open Market Committee, minutes to the meeting showed Wednesday.

"Many participants emphasized that, in order to determine that the criteria for beginning policy normalization had been met, they would need additional information indicating that economic growth was strengthening, that labor market conditions were continuing to improve, and that inflation was moving back toward the committee's objective," the minutes said.

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