The minutes of the discount rate meeting show central bank presidents from Philly, Kansas City and Dallas voted for hikes to 1.00% from 0.75%.
It’s a continuation of their previous votes but the board continues to side with the 9 against it.
There is some USD bullish news in the minutes.
Directors from the Fed’s 12 regional banks felt the U.S. economy was improving, with several noting “emerging wage pressures, particularly for jobs with specialized skills,” the minutes said.
“They generally were more confident about economic growth going forward,” even thought some directors viewed economic weakness overseas as a potential risk to the domestic economy, according to the minutes.
