In the Fed believe that “soon” A rate hike will be needed – El Cronista

anticipate what some Fed officials voting. At the last meeting, however, there was a consensus that more data are needed to know before doing so.

Some members entitled to vote of the Federal Reserve (FED) of the United States expects that need to raise interest rates soon the minutes of the monetary policy meeting in July, although there is general agreement that also requires knowing more economic data before making that decision, they said.

“Some (…) members anticipate that economic conditions justify soon take another step towards removing the expansion of monetary policy,” said the central bank of the United States in the disclosed minutes.

The minutes showed that panel members of the Fed that sets monetary policy in general were optimistic on the economic outlook and the country’s labor market, but several authorities said that a slowdown in the pace of hiring future would be an issue that could threaten a rise in borrowing costs in the short term.

Ten central bank officials are currently members of the Federal Open Market Committee, which sets monetary policy and seven other leaders of regional Fed banks participated in the meeting on 26 and 27 July, but they had no right to vote.

the larger group of officials, several expressed concern that low interest rates could damage financial stability.