Fed Minutes Reveal Growing Openness to Future Rate Hikes
Fed minutes show officials weighed rate hikes to counter inflation from the Middle East war. Policymakers remained divided as some also saw risks to growth.
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Minutes from the Federal Reserve's March policy meeting reveal an increasing openness among officials to raise interest rates if inflation remains stubbornly above the 2% target. This hawkish shift was largely driven by the inflationary risks stemming from the conflict involving the United States, Israel, and Iran.
