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US Fed: Next rate hike will be soon

But it may wait to see if weak growth earlier this year is temporary, opening the possibility of a delay

Washington

US central bankers say it will "soon" be time to raise the key lending rate again, according to minutes from the last Federal Reserve meeting released on Wednesday.

Monetary policymakers say they may wait, however, to see if weak growth recorded earlier this year was only temporary, which seems to open the possibility that the next rate increase could be delayed until after June.

Fed officials said planned spending by President Donald Trump's administration could boost the economy more than currently forecast, although the details and timing of the projects "remain highly uncertain". Markets have become concerned, however, over perceived missteps by the Trump administration as US officials...

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