Economic news

Federal Reserve weighs next rate hike

The Fed considered interest rate increases in the near time in order to hurdle superfluous robustness of economy, while it also looked into potential impact of trade war on companies and families, according to the minutes of last gathering.

Photo: Reuters

The U.S. central bank has been lifting borrowing costs smoothly from 2015, but it is troubled by the current state of economy showing excessive vigor as it could drive up inflation faster, possibly rising above the targeted 2%.

Fed officials mentioned that spending by the country’s firms and households had significant momentum, the minutes said as well.


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