Fed Officials Saw Rate Rise Unlikely Before April Meeting
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The Federal Reserve confirmed that being “patient” on interest rates means no increase before late April, while expressing concern that inflation might continue to linger below its goal.
Most members of the Federal Open Market Committee thought a patient stance “indicated that the committee was unlikely to begin the normalization process for at least the next couple of meetings,” according to minutes of the Dec. 16-17 gathering released today in Washington.