Fed Officials See Gradual Rate Hikes as Upside Risks Debated

“There’s nothing here to radically change our view of where the Fed is likely to go. I still think the most reasonable base case for the next rate hike is June,” said Dean Maki, chief economist at Point72 Asset Management LP in Stamford, Connecticut. Traders see a rate hike by June as highly likely, according to prices of federal funds futures, which were little changed after the minutes were released.

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