Hold On To Your Wallet: Fed Minutes Suggest More Aggressive Interest Rate Hikes Ahead

On Wednesday, the Federal Open Market Committee released its June meeting minutes, which suggest inflation remains the central bank's top priority. What Investors Need To Know:  The Fed's language on the economy was relatively bullish given recent elevated fears of a U.S. recession. The Fed reiterated its previous intentions to do whatever it takes to bring inflation down. “Participants concurred that the economic outlook warranted moving to a restrictive stance of policy, and they recognized the possibility that an even more restrictive stance could be appropriate if elevated inflation pressures were to persist,” the Fed said in its minutes. Related Link: S&P 500 Rebound? Comerica Projects 5% To 11% Gains By Year's End The Fed also said its monetary policy tightening could take a toll on the economy. “Participants recognized that policy firming ... Full story available on Benzinga.com