Federal Reserve minutes say, No interest rate move “for some time”

Federal Reserve minutes show bank upping estimates of growth in 2018–and projecting need for more interest rate increases

Today’s release of the minutes from the Federal Reserve’s January 30-31 meeting show the central bank estimate economic growth at 2.5% for 2018 and noting that the outlook for stronger economic growth raised the likelihood for continued, gradual interest rate increases. Fed members felt that it was increasingly probable that the economy would hit its inflation target of 2%.
Â