Fed ready to hike rates 'fairly soon'

In the first meeting since Trump's election, rates were unchanged following December's hike. However, the minutes revealed a number of members of the Federal Open Market Committee, led by chair Janet Yellen (pictured), argued they should be ready to act again if the US economy showed further signs of strength as a result of the new Administration's lower taxes and regulations, and higher domestic spending, according to the FT. Dollar and treasury yields rise on hawkishYellen speech "Many participants expressed the view that it might be appropriate to raise the federal funds rate ag...