US Fed members divided over rate hikes in 2018

Washington

US central bankers are divided over how fast they will need to raise interest rates this year, given differences over the causes behind the low inflation and wage gains seen to date, according to a report released on Wednesday.

The minutes of the Dec 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third time last year, also showed that officials believe that the likely benefits of the recently adopted tax cut are highly uncertain.

While the tax cuts could boost spe…