Fed of­fi­cials ex­pect fur­ther rate hike

China Daily (USA) - - BUSINESS -

US Fed­eral Re­serve could raise the in­ter­est rate one more time this year if the econ­omy con­tin­ues mod­er­ate ex­pan­sion, the min­utes of the Fed’s lat­est mone­tary pol­icy meet­ing showed on Wed­nes­day. “Many par­tic­i­pants thought that an­other in­crease in the tar­get range (of the fed­eral funds rate) later this year was likely to be war­ranted if the medium-term out­look re­mained

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