Most fed officials see tightening `soon’; June rate hike possible

FEDERAL RESERVE OFFICIALS opted to leave the Federal Open Market Committee's target range for its benchmark lending rate unchanged at 0.75 percent to 1 percent on Wednesday / BLOOMBERG
FEDERAL RESERVE OFFICIALS opted to leave the Federal Open Market Committee's target range for its benchmark lending rate unchanged at 0.75 percent to 1 percent on Wednesday / BLOOMBERG
NEW YORK - Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would gradually shrink their $4.5 trillion balance sheet. “Most participants judged that if economic information came in about in line with their expectations it would soon be appropriate for the committee to…

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