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Fed minutes: door still open for a June rate hike

The minutes to the Fed's policy meeting show officials were still concerned over possible turmoil in global markets from China's handling of its exchange rateA surprisingly bullish view from the Federal Reserve on the possibility of raising interest rates next month sent the dollar higher and stocks tumbling on Wednesday. The minutes to the Fed’s late-April meeting showed central bank policymakers unexpectedly open to a rate hike in June, despite the first quarter economic slowdown and the looming British vote on exiting the European Union. Coming after two FOMC members said on Tuesday that they expected two to three increases this year, as early as the June 15-16 meeting, the contents the minutes sharply raised expectations that that could happen.

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