Fed to weigh financial markets in rate decisions: Jan minutes

Washington

FINANCIAL markets turmoil has clouded the US economic outlook and will be a key factor in charting interest rate increases, the minutes of the Federal Reserve's January meeting showed on Wednesday.

Participants at the Jan 26-27 meeting of the Federal Open Market Committee (FOMC) "emphasized that the timing and pace of adjustments will depend on future economic and financial market developments and their implications for the medium-term economic outlook", the minutes said.