The Federal Reserve will release the minutes of its April meeting on Wednesday afternoon, and if industry experts are on track, they could point to another rate hike on the horizon. Regional Federal Reserve Presidents Neel Kashkari, Robert Kaplan and James Bullard have all weighed in on the issue. The Fed previously raised rates from 0.75 points to 1 in March.
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Is Solid Jobs Report Enough for a Rate Hike?
"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions
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