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    HomeNewsBusinessMarketsFOMC minutes raise concerns over sticky inflation; push 'higher-for-longer' narrative on rate cuts

    FOMC minutes raise concerns over sticky inflation; push 'higher-for-longer' narrative on rate cuts

    The US Fed policymakers expressed apprehensions over the rate-cut timeline as inflation remains above the US central bank's 2 percent target, despite cooling significantly.

    Vaibhavi Ranjan
    May 23, 2024 / 13:19 IST
    Minutes of the FOMC's latest meeting were released on May 22.
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