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The latest policy meeting released by the Federal Reserve Board (FED/) on Wednesday shows that most policymakers believe that if the US economic outlook remains intact, it may be necessary to "soon" raise interest rates.
The record also included some decision makers calling for a short-term revision of the Federal Reserve's monetary policy statement to reflect that interest rates will soon be near or above long-term forecasts.
On the 1-2 May monetary policy meeting, the Fed policymakers, as expected, agreed to maintain the index interest rate unchanged at 1.50-1.75%.
"Most of the members of the conference believe that if the later information basically confirms their current estimates of the economy, it may be appropriate to take the next move to remove the policy looseness," the conference notes pointed out.
After the release of the minutes, US stocks rose slightly, the US dollar index edged down, and US Treasury yields were at a low level.
So far this year, the Fed has raised interest rates only at the March meeting. At present, it is estimated that the number of policymakers who increase interest rates two times and three times this year is basically the same. Investors are forecasting that the Fed will raise interest rates at the next policy meeting on 12-13 June.
"The conference records certainly solidify the idea of raising interest again in June," said Craig Bishop, a RBC Wealth Management fixed income strategist, "if you are looking for a change in the three estimate of the total rate increase this year, you will have to wait for the next month's meeting.


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