Fed leans toward faster pace of interest rate hikes even as trade war poses risk

Federal Reserve officials leaned toward a slightly faster pace of tightening at their March meeting as their growth outlook and confidence in hitting their inflation target strengthened, according to minutes released Wednesday.

“A number of participants indicated that the stronger outlook for economic activity, along with their increased confidence that inflation would return to 2 per cent over the medium term, implied that the appropriate path for the federal funds rate over the next few...

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