
What is the level of dissent within the Federal Reserve?
Investors will watch the release on Wednesday of the Federal Reserve’s minutes from its February meeting for insight into how much dissent there was over the latest decision to slow the pace of interest rate increases.
At its meeting ending February 1, the US central bank chose to slow the pace of its interest rate increases again, lifting its key policy rate by 0.25 percentage points after a series of 0.75 and 0.5 percentage points rises last year. At the time, the decisions made sense because inflation, and the US economy more broadly, had been cooling.
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