Economic Buzz: Fed Minutes Indicate Rate Hikes On The Way

According to the minutes of the most recent meeting, the Federal Reserve continues to project two more rate hikes are on the way this year with three more on the way for 2019. There was no interest rate hike at the May meeting, but policy makers debated the threat of inflation and acknowledged trade-related uncertainties. The Fed has raised interest rates six times since the financial crisis, and another quarter-point rate hike in June is universally expected. The minutes revealed little concern about inflation, suggesting the Fed will maintain its gradual approach to raising rates.