The government reported an unexpected increase in wages, and investors worried the Fed would respond by raising rates a little more quickly. Most Fed officials predicted in December the Fed would raise rates three times in 2018, as it did last year. Advertisement Continue reading the main storyAnd the minutes did suggest the Fed might eventually raise rates to a level higher than financial markets presently anticipate. Some officials argue that the Fed should stop raising rates until inflation shows clear signs of revival. The account said that “almost all” Fed officials responded by expressing a continued commitment to both theories.

Source: New York Times February 21, 2018 19:18 UTC