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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

Two voting members of the FOMC, Charles Evans (left) and Neel Kashkari (right), dissented from the decision to raise rates last month, saying that the central bank should wait to see actual wage and inflation increases before raising rates.


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...