Economics
Fed Signals Readiness to Hike Again If Economy Stays On Track
- Minutes of last meeting say future increases may be gradual
- Central bankers also discussed risks of fiscal, trade policies
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U.S. central bankers are ready to raise interest rates again so long as the economy stays healthy, according to a record of the Federal Reserve’s most recent policy meeting.
“Many participants suggested that if incoming data continued to support their current economic outlook, it would likely soon be appropriate to take another step in removing policy accommodation,” minutes of the July 31-Aug. 1 Federal Open Market Committee meeting released Wednesday in Washington said.