
The Fed voted unanimously at that meeting to hold the rate target steady at between 0.75% and 1%.
Before the release of the minutes, financial investors put the chances of a June rate increase at roughly 80 percent.
Most officials on the Federal Open Market Committee of rate setters still expect to raise interest rates "soon".
Two key messages were revealed in the Fed's meeting minutes last night, which might set a hawkish tone for central banks' monetary policy in the months to come.
Economists suggested that the Fed's decision on when to raise rates again will depend heavily on how the job market fares.
The Fed minutes also helped lift the Mexican peso to its strongest level since the election of U.S. President Donald Trump in November, up 0.9 percent to trade at 18.451 pesos per greenback.
Samsung Galaxy S8 iris scanner tricked by photo, contact lens
Samsung's hopes of competing against archrival Apple's iPhone had been pinned on the Galaxy S8 after last year's Note 7 disaster. This trick fooled the iris recognition feature into acting as the real eye that was put in front of the camera.
In the minutes, released Wednesday, official at the USA central bank said it would "soon be appropriate" to raise short-term interest rates again, the Wall Street Journal reported. Rupkey noted that the jobless rate is already below the 4.7 percent level that the Fed considers as signaling full employment. Officials agreed they should provide additional details of the plan "soon".
The Fed has more than $4 trillion in Treasury debt and mortgage-backed securities, largely accumulated as part of the effort to stimulate the economy in the wake of the 2007-2009 recession.
USA stocks were modestly higher late on Wednesday morning, aiming for a fifth straight day of gains, as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of an interest rate hike next month.
"The May FOMC minutes confirm that most members view the reported slowdown in Q1 GDP growth... as likely to be "transitory" so they saw no need to shift their view that "gradual" rate hikes likely will continued", Ian Shepherdson of Pantheon Macroeconomics said in a research note.
Goldman said that "the risks to the timing of the balance sheet announcement are skewed toward the September meeting, in which case the third rate hike of the year would likely be deferred".
"There is less reason for the Fed to wait until late this year before starting the process", said Paul Ashworth, chief US economist for Capital Economics, in a note to clients. "The final values of the caps would then be maintained until the size of the balance sheet was normalized". They said it could possibly be done by halting reinvestments of ever-larger amounts of maturing securities, such as through bigger cuts to reinvestments every three months. After the Fed had cut its short-term rate to near zero in December 2008, it turned to three rounds of bond purchases to try to exert downward pressure on long-term rates.
Danish gets first win as White Sox top Tigers 3-0
Leon spent the 2016 season in the Mexican League before signing as minor league free agent last winter. "I was actually sleeping". The third inning was his first 1-2-3 inning getting Cabrera to fly out and striking out Martinez and Upton.
Ernie Els penalizes himself after chipping in for eagle at BMW PGA I think that's one thing I've learned in my career is that you're never far away from playing well. "I'm fairly happy. There were three or four bad swings that really cost me any real momentum moving forwards", added Howell.
Music legend Gregg Allman has died, according to his publicist On Saturday, May 27, 2017, a publicist said the musician, the singer for The Allman Brothers Band , has. His love for his family and bandmates was passionate as was the love he had for his extraordinary fans.
Armed police guarding FA Cup final after Manchester bomb Let's hope for a positive result and a chance to celebrate another FA Cup win. "I'm ready to do this". The Arsenal pressure was relentless, but they could not find a second goal .
CONE Midstream Partners (CNNX) Given Daily News Impact Rating of 0.19 American Midstream Partners, LP (NYSE:AMID) stock has moved in a downward direction this week, causing concern for some investors. Shareholders of record on Friday, May 5th will be paid a dividend of $0.89 per share. 17,794 are held by Carret Asset Mgmt Lc.
Ariana Grande Pens Emotional Open Letter Following Fatal Manchester Attack
More information is emerging about Salman Abedi , the man who murdered 22 people outside an Ariana Grande concert . Very wicked, to target that sort of thing", the 91-year-old monarch told 14-year-old Evie Mills and her parents.
Awkward moment when Trump pushes a prime minister at NATO conference So Trump solved the problem by reaching out and putting his hand on Markovic's upper arm, and shoving him aside forcefully. President Donald Trump described Germans as " very bad " and threatened to block German auto imports to the U.S .
Jurgen Klopp: Liverpool are back where they belong
Some fans had been hoping that they would be given the option to opt out of Europa League fixtures altogether, but that is not the case.
Google Opinion Rewards is Finally Available in India This data tells us why Apple's monetization leadership in the world's second largest market for app spending is important. Anti-virus programs don't typically detect such codes, so apps like these go undetected for a good while.
Trump pushes North Atlantic Treaty Organisation leader aside to get to front of the group President Donald Trump has rebuked his fellow alliance leaders for not being "fair" to the U.S. taxpayers. Allies made a pledge in 2014 to meet the 2% spending target by 2024 as a response to the Ukraine crisis.
US admiral: North Korea's actions 'recipe for disaster'
President Trump says he's willing to make peace through dialogue with North Korea if conditions are right. South Korea wants to reopen communications with North Korea , officials said yesterday.
Is President Trump Back On Defensive With Germany It's not the first time Trump has taken aim at Germany's trade success. "Trade is going to be a big topic". US President Donald Trump is angry, very angry at the Germans, as they are apparently " bad, very bad! ".
Korea calls S. Korea's border firing reckless provocation
In 2014, South Korean officials discovered what they described as several North Korean drones that had flown across the border. South Korean media said that over 90 rounds were fired at the object before it disappeared from South Korea's radar screens.
S&P 500, Nasdaq hit record highs after upbeat retail results Federal Reserve will raise rates at its June meeting, as well as economic conditions not showing enough acceleration, he said. The S&P 500 index showed 84 new 52-week highs and nine new lows, while the Nasdaq recorded 118 new highs and 44 new lows.
23 million more uninsured with GOP health bill, analysts say
Some senators have suggested their preference to write a new bill, rather than working to amend the American Health Care Act . The report could give talking points to House Republicans for their bill, or to Democrats who voted unanimously against it.