Fed Minutes Show Officials Rally Around Higher-for-Longer Rates

-- Federal Reserve officials earlier this month coalesced around a desire to hold interest rates higher for longer and “many” questioned whether policy was restrictive enough to bring inflation down to their target.‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence Terror

Following a first-quarter pickup in inflation, Fed officials have said they will hold interest rates at a 23-year high for longer than initially anticipated. “Many participants commented on their uncertainty about the degree of restrictiveness,” the minutes said. Trump lashes out after DOJ reveals classified documents were found in ex-president’s bedroom at Mar-a-Lago

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US Bonds Fall as Traders Look to Fed Minutes for Rate-Cut CluesUS Treasuries slipped ahead of minutes from the Federal Reserve’s latest policy meeting that could provide more clues on when the central bank will start cutting interest rates.
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