WASHINGTON – Federal Reserve officials concluded at their meeting last month that they needed to increase the pace of interest rate hikes because Inflation outlook had worsened And as a result, rates will need to be raised to levels that are deliberately designed to slow economic growth.
officials voted Raise your benchmark rate by 0.75 percent in June, a big increase from their half-point move in May. According to the minutes of the Fed’s June 14-15 meeting, released on Wednesday, officials forecast either a half percentage point or another 0.75 point increase later this month.