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Fed minutes: Officials split widely on rate hike timing
AZ Central: WASHINGTON (AP) -- Fed officials disagreed widely when they met last month on when they would be ready to lift interest rates from record lows.
Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn't think a rate hike would be warranted until later this year. Still others said the economy wouldn't be strong enough for an increase until 2016.
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