US Fed members divided over rate hikes in 2018

WASHINGTON: US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, according to a report released Wednesday.

The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third time last year, also showed officials believe the likely benefits of the recently adopted tax cut are highly uncertain.