Fed Reveals Surprise Shift as Several Officials Ponder Hike

Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with several even suggesting the central bank may need to raise rates if inflation remains stubbornly high. While the minutes of the central bank’s Jan. 27-28 policy meeting, released Wednesday, fell far short of suggesting most officials were contemplating the possibility of rate increases, they made clear the Fed is shifting further away from agreeing on another cut. That could put it on a collisio ...