Rising interest rates in the US last month was fished "narrowly"
The Federal Reserve to raise interest rates last month was fished "in the balance" for some members who are worried about too low inflation and received assurances that their colleagues will closely monitor its progress.
10 members with voting aloud committee unanimously decided three weeks ago to raise the basic interest rate on federal funds by a quarter percentage point to 0.5%. The move marks the end of an era of near-zero rates dating back to December 2008.
The Fed noted several times that monetary policy will ultimately depend on how the economy develops over time
The US economy has made significant progress in recovering from the worst recession since the Great Depression. Unemployment has been halved to 5 percent from its peak in October 2009
Financial markets expect only two- fourth points are increased interest this year, according to pricing in the federal funds futures, Fisher called it "too low".
E.Dimitrov JrTrader
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