The Fed: ‘Several’ Fed officials said more rate hikes may not be needed and other key takeaways from May minutes

Minutes of the Federal Reserve’s May policy meeting show that officials were divided over the path forward.

At their meeting, the Fed hiked its benchmark interest rate by a quarter of one percentage point to a range of 5%-5.25%. The central bank also altered its forward guidance to indicate it could pause at their next meeting.

Here are some…