Fed Minutes Show Desire For More Near-Term Rate Hikes, ‘Restrictive’ Policy Stance

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The Street

By Martin Baccardax “A restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook,” Minutes of the Fed’s May 4 meeting indicated. Updated at 2:17 pm EST The Federal Reserve is set to hold its path of interest hikes, minutes from the central bank’s May meeting revealed Wednesday, suggesting that a “restrictive” policy stance could be appropriate. Such a declaration could mean the Fed is prepared to raise rates beyond the so-called neutral level, which many define as a rate of between 2% and 2.5%, in order to attack the fastes…

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