(MENAFN) Fed officials and analysts said that the stock market's steady rise is still low long-term bond yields and it is girding the Fed's intent to raise interest rates again during this year although concerned about weak inflation.
Federal Open Market Committee meeting released this week minutes showing a division among policymakers focused on weak inflation as a reason to stall further rate increases and those who feel still loose financial conditions pose a risk the Fed needs to counter.
However, two officials this week said that the fact that financial conditions have recently eased despite Fed rate increases is a reason to keep plans to tighten policy in place.
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