Reply To: Federal Reserve Raise Rates as Expected, Changed Modest Pace of Growth to Moderate


FOMC minutes highlights:

Those favoring hike noted tight labor market, stronger economic momentum and little evidence of inflation on path to 2%
Fed staff saw mild recession likely to start later this year
Almost all participants jusuged it appropriate or acceptable to leave rates unchanged
A few participants noted potential for upward pressure on money market rates as Treasury increased bill issuance
Almost all participants stated that upside risks to inflation might become unanchored