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Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that the latest Federal Reserve meeting minutes show a few participants saw a case for raising interest rates in June.
The "case" language has appeared before, as similar wording was seen in the March FOMC minutes regarding the committee's approach to future interest rate decisions.
Nick Timiraos previously reported that the Federal Reserve shifted focus from rate cut discussions to the possibility of a hike at Kevin Warsh's first meeting as chair, as noted in an earlier article. He also covered Federal Reserve vice chair Michelle Bowman's attendance at a private Bank of America client dinner in New York following a key policy decision in a separate report. These accounts provide further context to the Fed's ongoing policy deliberations.