Jan 30-31 FOMC Minutes show that the members to.>

FED: Jan 30-31 FOMC Minutes show that the members added "further" to the 

term "further gradual increases" because they saw an increased likelihood 

that an upward trajectory of the funds rate would be appropriate.

- The members saw an improvement in economic conditions since the 

December meeting and several said they raised their economic outlook for 

the near-term since the December meeting. Part of the reason was a 

greater impact from the tax plan than previously estimated.

- Inflation remained a divided subject, with most members seeing 

inflation moving closer to 2% in the near-term--helped by economic 

conditions, tight labor markets, and the falling dollar. However, a 

couple of members continue to be concerned that inflation growth is 

softer than expected and that the FOMC should take its time when 

considering further hikes.