Federal Reserve officials expect another rate hike will be needed this year, according to minutes
The Federal Reserve is the government agency that controls interest rates to manage the economy. Recently, Federal Reserve officials met and discussed inflation, which is when prices for goods and services rise. According to minutes from that meeting released Wednesday, most of the officials believe they will need to raise interest rates again this year to help bring inflation down.

8 across the spectrum · tap a section to jump
The bigger story
Left
3 viewpointsFed minutes show officials aren't planning a rapid series of interest-rate hikes
Center
4 viewpointsAnother Fed rate hike likely coming this year to combat persistent inflation
Fed minutes: Another rate hike likely coming this year to combat persistent inflation
Right
1 viewpointFed minutes: Another rate hike likely coming this year to combat persistent inflation
Fed officials expect another rate hike will be needed this year: meeting minutes
Federal Reserve officials expect another rate hike will be needed this year, according to minutes