Largely mirroring Federal Reserve Chairman Jerome Powell's remarks in Congressional testimony earlier in the day, the minutes of the central bank's June meeting released Wednesday afternoon said many participants believe the case for lowering interest rates has strengthened.
The minutes of the latest Fed meeting noted nearly all participants downwardly revised their assessment of the appropriate path for rates due to global developments that led to heightened uncertainties about the economic outlook.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com