After brief pause, Federal Reserve looks poised to raise interest rates again

The Federal Reserve appears likely to raise its key interest rate next week, with minutes from the central bank's most recent meeting showing some officials wanted to raise rates last month.

While the Fed's rate-setting body ultimately skipped hiking rates in June, minutes of the last meeting show that some officials pushed to raise rates by one-quarter of their percentage points, or said they "could have supported such a proposal," according to the minutes.

In the end, the 11 voting members of the Fed's interest-rate setting committee agreed unanimously to pause on hiking rates at the June 13-14 meeting. But they signaled that they might raise rates twice more this year, beginning as soon as this month.