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Federal Open Market Committee releases minutes of January meeting

Two camps within the Federal Reserve differ on what comes next

FOMC, (Credit: Federal Reserve)

The Federal Open Market Committee (FOMC) released minutes from its January meeting. It still remains to be seen if their decision to keep interest rates unchanged was simply a pause or if they’re done with the hiking cycle.

Two camps within the Fed: Several officials argued that rate increases might be needed only if inflation outcomes were higher than their baseline forecast. However, others thought it would be appropriate to raise rates later this year if the economy evolves as they expect.

Treasury yields: The yield on the benchmark 10-year U.S. Treasury note settled at 2.648%, compared with 2.645% on Tuesday, according to WSJ.

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