pace, that is the message from the federal reserve. america s central bank. the policymakers says they intend to raise interest rates practice in its july after taking a break last month to assess the impact of ten brevis increases. it comes as americans are having to pay more for basic goods, but while officials seem to be an agreement are for what to do next, after the meeting on wednesday, there was disagreement over the decision to hold off untiljune. some say they could ve supported a rate rise last month because inflation remains well above its 2% target. the minutes show how policymakers are grappling with how to tame inflation after it hit a high last year, even as they left the benchmark rate unchanged in a five to five and a quarter percent, almost all officials believe more rate hikes are needed. i had of thejuly meeting, there are two marquee pieces of economic data that is due out to the statement a chapter practice friday and consumer inflation next week. us tre
to the statement a chapter practice friday and consumer inflation next week. us treasury secretary janet yellen is expected to arrive in the chinese capital later today. she is the second high level us cabinet member to do so after secretary of state antony blinken s visitjust weeks ago. but her trip also comes after beijing moved to limit the exports of certain rare earths just days ago. earlier, i spoke with harvard economic professor kenneth rogoff, who explained what we can expect. i think she really wants, as she said, to get communications open. we are trading a lot with china. china depends on the us. us dependence on china, but at the same time, security and geopolitical interests are coming into conflict. i would say that it is a little bit like good cop bad cop. and going in as the good cop trying to say, look, we have a lot in common, let s see what we can