US interest rates likely to stay high 'for some time': Fed minutes

US Federal Reserve officials expect interest rates will need to remain high “for some time” to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.

The Fed announced last month that it would continue to hold interest rates at a 22-year high, and penciled in up to three rate cuts in 2024, sending US stock markets surging to new records.

Legit : Read More