FOMC minutes: Fed cautious about June rate hike
Minutes highlight split in committee members' opinions
The Federal Open Market Committee (FOMC) is split on whether to raise interest rates in June, the minutes of its March 17–18 meeting show.
Participants in the Federal Reserve's monetary policy meeting "expressed a range of views" as to when rates ought to begin rising, although there was broad agreement that April would be too soon.
"Several" participants said the economic data and outlook would likely warrant a rate hike in June, but others expected low oil prices and the strong US dollar to
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