Economics
Fed Eyes Rate Hike Soon and Faster Tightening Pace If Needed
- Balance-sheet runoff seen starting later this year: minutes
- Traders maintain wagers for at least six rate hikes this year
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Federal Reserve officials concluded in January that they would start raising interest rates soon and were on alert for persistent inflation that would justify a faster pace of tightening.
Minutes of the Jan. 25-26 Federal Open Market Committee meeting, released Wednesday, said most policy makers “noted that, if inflation does not move down as they expect, it would be appropriate for the Committee to remove policy accommodation at a faster pace than they currently anticipate.”