Fed discount rate minutes showed two regional banks voted for hike

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Federal Reserve released the discount rate minutes, which showed two of the 12 regional banks sought a 25 bps hike.

    The regional Fed banks of Richmond (President Jeffrey Lacker) and Kansas City (President Esther George) wanted to lift the rate by 25 bps to 1.25% in March "in light of continued improvements in labor market conditions and expectations that inflation would rise toward the Federal Reserve's 2 percent objective over the medium term," the minutes said.

    However, the other 10 banks along with the five board members wanted to stay on hold.
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