Federal Reserve officials hint rate increase may be necessary

Multiple Federal Reserve officials indicated the central bank may need to raise interest rates later this year, according to newly released minutes of the Fed’s July meeting. While most participants at the joint meeting of the Federal Open Market Committee (FOMC) and the Fed’s Board of Governors "anticipated that inflation would step down over the...

Multiple Federal Reserve officials indicated the central bank may need to raise interest rates later this year, according to newly released minutes of the Fed’s July meeting. While most participants at the joint meeting of the Federal Open Market Committee (FOMC) and the Fed’s Board of Governors "anticipated that inflation would step down over the...