22.08.2018 — Fed Minutes Highlight Economic Momentum and Trade Risks; Rate Hike Likely Soon

FED MINUTES HIGHLIGHT ECONOMIC MOMENTUM AND TRADE RISKS; RATE HIKE LIKELY SOON
The minutes to the July 31-August 1 FOMC meeting reaffirmed the Fed’s confidence in current economic and inflation conditions and the outlook, and essentially cemented a September policy rate hike with many participants suggesting that “it would likely soon be appropriate to take another step in removing policy accommodation” if conditions evolve as expected.