Video: Federal Reserve's March Minutes Suggests Possible Fourth Rate Hike

After reading the minutes of the Federal Reserve's March meeting, released Wednesday, former Fed adviser and Fed Up author Danielle DiMartino Booth expects three more rate hikes on the table for 2018.

This would suggest four total hikes in 2018, even though the Fed's dot plot suggested three total hikes this year, per its March meeting. The Fed announced its first rate hike of 2018 back in March.

The minutes said: "All members viewed the recent data and other developments bearing on real economic activity as suggesting that the outlook for the economy beyond the current quarter had strengthened in recent months."

A strengthening economy may warrant a faster pace of Fed hikes.

Now hear bank analyst Mike Mayo weigh in on a new AI chat bot from Bank of America (BAC) - Get Report :