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Given the minutes from the Fed’s Feb. 1 meeting and recent economic data, the market’s implied probability of an increase in March "seems too low," El-Erian tweeted Wednesday
Wells Fargo’s leaders have been working to assuage public furor after authorities fined the bank for possibly opening more than 2 million retail bank accounts without customers’ approval.
The record of the Jan. 31-Feb. 1 meeting, at which officials voted to leave the target range for the federal funds rate unchanged, is scheduled to be released Wednesday at 2 p.m. in Washington.