WASHINGTON, D.C.: Minutes of the Federal Reserve’s December meeting showed on Wednesday (Thursday in Manila) that the participants foresaw only a “gradual” series of interest rate hikes following the first one unanimously agreed at that meeting.

But a number of them remain concerned about weak inflation, suggesting that if price gains remain weak, the expected pace of rate increases would also slow.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details