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Fed interest-rate rate hike chances grow, minutes from Powell's last meeting suggest
Federal Reserve officials showed growing support at their April meeting for taking the first step toward a possible interest-rate hike, according to minutes of the meeting released Wednesday. Policymakers said that high energy prices and tariffs were continuing to put upward pressure on overall inflation. "The vast majority of participants noted the increased risk that inflation would take longer to return to the Fed's 2% objective than they had previously expected," the minutes read. In April, the Fed left rates unchanged, in a range of 3.5% to 3.75%, for the third straight meeting. There were three dissents ... (full story)
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