Consensus at Fed for a pause, but majority of policymakers believe further hikes appropriate in future
Bankinter: The minutes of the Fed’s 13/14 June meeting show a broad consensus on the decision for a pause in rate hikes although a majority of directors (16 out of 18) believe that some additional rate hikes in the future from the current level of 5.00%-5.25% are appropriate. There is also a consensus that rates should remain in tightening territory until inflation reaches its 2% target. The minutes hardly change…