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The Fed: Fed minutes may quell doubt about a June interest-rate hike

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Federal Reserve headquarters Building is seen from the air over Washington, DC

Minutes of the Federal Reserve’s May meeting should remove lingering doubts about the central bank’s plans to engineer another interest rate hike at its policy meeting in the middle of next month, economists said.

Terry Sheehan, senior analyst at Stone McCarthy Research, said economists in recent days have walked back a little ways from their “absolute certainty” of a rate hike in June. The minutes should serve to “shore it up,” she added in an interview.

“Things are pretty well lining up for a rate hike in June.”

Economists at TD Securities agreed: “We look for the minutes to reinforce a hawkish, optimistic message” from Fed officials.

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