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US Federal Reserve minutes flag stronger appetite for rate hike next month

Federal Reserve officials considered raising interest rates last month. This was due to inflation exceeding targets, partly because of the U.S.-Israeli war with Iran. However, many also saw rate cuts as likely. They worried the conflict could harm economic growth and the job market. The war disrupted global shipping and oil prices. Policymakers faced conflicting pressures on inflation and employment.

8 Apr 2026 11:40 pm