Investors were provided with further insight into the Federal Reserve's decision to change the forward guidance language and indicate a patient approach to raising interest rates in the minutes of the central bank's January monetary policy meeting.
The minutes released Wednesday described the Fed's discussions regarding changing the language in its statement from referencing "further gradual increases" in rates to a sentence indicating patience.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.