Fed Meeting Minutes: More Officials Mention Possibility of Rate Hike

Odaily News According to the minutes of the Fed's March meeting, at the March meeting, the number of officials who wanted 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 it was appropriate for the post-meeting statement to describe the Committee's future policy decisions as two-sided." In contrast, the January meeting minutes only mentioned that "a few" participants held this view. In the Fed's terminology, "some" refers to a larger number than "several". (Jin10)