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Minutes Reveal Federal Reserve Split on Future Rate Hikes

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Recently released minutes from the Federal Reserve’s May 2-3 meeting showed a division among officials regarding support for further interest rate hikes.

The minutes also indicated that officials still view inflation as “unacceptably high” and foresee a “mild recession” later in the year. Despite this news, the US dollar held onto gains.

Since the Fed’s rate hike in May, the US economy has seen mixed data, with the Consumer Price Index (CPI) slowing in April, but the Core CPI rising from the previous year.

The Fed’s preferred inflation gauge, the April Core Personal Consumption Expenditure Price Index, will be released on Friday.

With potential for a pause in interest rate hikes at the upcoming June 13-14 meeting, the market remains uncertain of what’s to come.


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    Zahari Rangelov is an experienced professional Forex trader and trading mentor with knowledge in technical and fundamental analysis, medium-term trading strategies, risk management and diversification. He has been involved in the foreign exchange markets since 2005, when he opened his first live account in 2007. Currently, Zahari is the Head of Sales & Business Development at TraderFactor's London branch. He provides lectures during webinars and seminars for traders on topics such as; Psychology of market participants’ moods, Investments & speculation with different financial instruments and Automated Expert Advisors & signal providers. Zahari’s success lies in his application of research-backed techniques and practices that have helped him become a successful forex trader, a mentor to many traders, and a respected authority figure within the trading community.