Fed meeting minutes show some 'willingness' to hike rates again

Federal Reserve officials raised concerns during their May policy-setting meeting that progress on inflation is stalled, while "many" questioned whether policy was restrictive enough to tame price pressures within the economy. Minutes from the U.S. central bank's May meeting released Wednesday showed that officials are prepared to keep rates elevated after a string of disappointing inflation readings in the first three months of the year – and willing to hike again if needed. "Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way...