The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a wait-and-see approach was warranted, the officials said. Officials were split on the outlook for interest rates.
See Full Story ‘For some time’ — Fed expects interest rates to remain steady, minutes show Don’t expect any quick moves on interest rates from the U.S. central bank, minutes from the last Fed meeting show. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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