Fed minutes point to possibility of rate hikes

Federal Reserve policymakers are open to the possibility of rate hikes, according to the minutes of their March 17-18 meeting.

"Some participants judged that there was a strong case for a two-sided description of the (Federal Open Market) Committee's future interest rate decisions in the post-meeting statement, reflecting the possibility that upwards adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels," the minutes said, according to Reuters.

A larger group of policymakers were open to hikes at the March meeting than at the January meeting.

Read more from Reuters.