Business
Fed officials forecast the highest interest rates this year, according to FOMC minutes
Federal Reserve officials see slowing inflation as supportive of a near-peaking federal funds rate this year and underscore their data-dependent stance, minutes from the new policy meeting Their most showed on Wednesday afternoon.
The Federal Open Market Committee, or FOMC, chose to raise the federal funds rate by a quarter point at its most recent meeting ending February 1, after a series of much larger increases – April 3. percentage points – last year .