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Fed impressed with US economy strength, may continue with rate hike

Fed policymakers had a wide-ranging discussion on whether the recently slim spread between short- and long-term interest rates might be a sign of an impending recession

Reuters  |  Washington 

US central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve's last policy meeting on June 12-13 released on Thursday showed. The minutes, which described a meeting in which the Fed raised interest rates for the second time this year, also suggested policymakers might soon signal that the Fed's rate-hiking cycle was advanced enough that policy was no longer boosting or constraining the economy. The minutes overall gave the ...

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First Published: Fri, July 06 2018. 11:08 IST
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