Some US Federal Reserve officials saw reasons to hike rates at the central bank's June policy meeting given elevated inflation on fallout from the Middle East war, minutes of the gathering showed Wednesday.

The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.

...Minutes confirm hawkish bias, 'several' see policy as no longer restrictive...

A Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay…

The Federal Reserve held rates at 3.5%-3.75% in June but FOMC minutes reveal internal debate over hiking. Bitcoin and Ether reacted to the hawkish tone.

FOMC minutes reveal some Fed officials pushed for a rate hike in June. Nine of 19 members project higher rates by year-end, pressuring Bitcoin and crypto

Fed officials eventually voted unanimously to keep interest rates unchanged at their June 16-17 meeting. Read more at straitstimes.com. Read more at straitstimes.com.

Some US Federal Reserve officials saw reasons to hike rates at the central bank's June policy meeting given elevated inflation on fallout from the Middle East war, minutes of the…