More Interest Rate Hikes on the Horizon

The Federal Reserve released the minutes from its December meeting Wednesday, offering insight into their path forward on interest rates. “There’s still, a lot of job openings in the U.S. and they’re more concerned about inflation being driven by higher wages,” said Brad Paulson, president, Northern Crops Marketing and Investments. “We’ll probably see a rate increase in first part of February and again in March and then maybe they’ll back off.”