FOMC Minutes from the Mar 20-21 meeting showed..>

FED: FOMC Minutes from the Mar 20-21 meeting showed "almost all" wanted 

to raise rates at the latest meeting, with a couple pointing to benefits 

of waiting for a rise in infl, as data show infl goal of 2% more likely.

-All participants see further firming of mon pol likely to be warranted, 

with almost all participants agreeing it remains appropriate to follow a 

gradual approach. Stance is expected to gradually move to 'neutral' 

and 'a restraining factor' from 'accommodative.'

-Participants see steel and aluminum tariffs as unlikely to have 

significant effect on outlook. A "strong majority" viewed issues and 

uncertainties regarding trade policies as downside risks for US econ.

-Taxes and fed budget expected to provide boost to output in nxt few yrs.

However, magnititude and timing of effects remain uncertain. A number of

participants see higher budget decifits and real interest rates as 

potential downside risks to econ outlook. 

-Financial conditions remain accomodative despite volatility.

-Few participants see moderate wage growth as an indication that the 

labor mkt can strengthen further.