While the Federal Reserve's decision to further slow the pace of interest rate hikes at the latest monetary policy meeting was unanimous, the minutes of the meeting revealed some participants favored a larger rate increase.
The minutes of the January 31-February 1 meeting, released Wednesday afternoon, said a "few participants" favored raising rates by 50 basis points compared to the 25 basis point rate hike that was ultimately announced.
For comments and feedback contact: editorial@rttnews.com
Business News
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.