Central Banks
Fed Minutes to Offer Hints on ‘Awkward’ Pause-and-Hike Message
- FOMC penciled in two increases while leaving rates unchanged
- Minutes likely to reinforce view that rates will rise in July
This article is for subscribers only.
The Federal Reserve on Wednesday will shed some light on the discussions at their June meeting that left Wall Street perplexed.
The Federal Open Market Committee paused its interest-rate hikes after 10 consecutive moves spanning 15 months, even with inflation cooling more slowly than projected. At the same time, policymakers forecast two additional increases this year, more than expected, a confusing result that left investors seeking answers.