The Fed: Fed minutes preview: Central bank likely ignoring calls to slow interest-rate hikes

Federal Reserve Board Chairman Jerome Powell reacts at his news conference after the two-day meeting of the Federal Open Market Committee in June.

Minutes of the Federal Reserve’s June meeting are likely to show little support for suggestions that the central bank pause from hiking interest rates.

The Fed will release the minutes of the meeting on Thursday at 2 p.m. Eastern Time.

At the June meeting, the Fed raised the target range for its benchmark policy rate to between 1.75% and 2% and made changes to its statement and economic projections that were hawkish relative to expectations, said Jan Hatzius, chief economist at Goldman Sachs.

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