Fed Meeting Minutes: More Officials Mention Possibility of Rate Hike

Odaily News According to the minutes of the Federal Reserve's March meeting, at the March meeting, the number of officials who wished to signal to the market that the next step might be a rate hike rather than a continued rate cut increased. The minutes showed: "Some participants believed that there was sufficient reason to include a two-sided description of the Committee's future interest rate decisions in the post-meeting statement." In contrast, the January meeting minutes only mentioned that "several" participants held this view. In the Fed's terminology, "some" refers to a larger number of people than "several." (Jin10)