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US Fed members divided over rate hikes in 2018
Disagreement centres on whether inflation has remained stubbornly below the Fed's 2% target due to temporary or more enduring factors
Add BT as a preferred sourcePublished Thu, Jan 4, 2018 · 09:50 PM
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.
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