Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate. Such cautious comments are generally seen as evidence that the Fed isn’t inclined to raise rates in the near future. Economic data from the past several months “generally suggested that inflation was slowing,” the minutes of the Sept. 19-20 meeting sa
File - Federal Reserve Chairman Jerome Powell speaks at a news conference after the Federal Open Market Committee meeting, on Sept. 20, 2023, in Washington. The Federal Reserve releases minutes today from the meeting when it decided not to raise its benchmark borrowing rate. WASHINGTON — Federal Reserve officials regarded the U.S.
Such cautious comments are generally seen as evidence that the Fed isn’t inclined to raise rates in the near future. Economic data from the past several months “generally suggested that inflation was slowing,” the minutes of the Sept. 19-20 meeting said. The policymakers added that further evidence of declining inflation was needed to be sure it would slow to the Fed’s 2% target.
Several of the 19 Fed policymakers said that with the Fed’s key rate “likely at or near its peak, the focus” of their policy decisions should “shift from how high to raise the policy rate to how long” to keep it at restrictive levels. And the officials generally acknowledged that the risks to Fed’s policies were becoming more balanced between raising rates too high and hurting the economy and not raising them enough to curb inflation. For most of the past two years, the Fed had said the risks were heavily tilted toward not raising rates enough.
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Federal Reserve officials: Bond yields spike may allow central bank to leave ratesTwo Federal Reserve officials suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without furt...
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Fed officials see ‘restrictive' policy staying in place until inflation eases, minutes showThe Federal Reserve on Wednesday released minutes from its Sept. 19-20 policy meeting.
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Fed officials see 'restrictive' policy staying in place until inflation eases, minutes showThe Federal Reserve on Wednesday released minutes from its Sept. 19-20 policy meeting.
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Crypto Update | The Tone of the Federal Reserve Is ShiftingNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
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U.S. Federal Reserve (Fed) Meeting MinutesGet the FOMC Meeting Minutes results in real time as they're announced and see the immediate global market impact.
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