#CNBC Rate hike could be appropriate if inflation were to remain above target levels, Fed minutes show

Rate hike could be appropriate if inflation were to remain above target levels, Fed minutes show
The Fed minutes for March show that the consensus was to keep rates steady as they observed conditions unfold, with officials also expressing concern that the Middle East hostilities could result in sustained inflation that could require rate hikes.

CNBC’s Megan Cassella has the details.

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