Fed may need to hike rates faster, reduce balance sheet quickly, minutes show
Federal Reserve officials said last month that the U.S. labor market was "very tight" and might need the U.S. central bank not just to raise interest rates sooner than expected but also reduce its overall asset holdings to tame high inflation, according to minutes of their Dec. 14-15 policy meeting.
Global stocks tumble after Fed signals faster rate hikes
BEIJING (AP) — Global stocks and Wall Street futures tumbled Thursday after investors saw minutes from a Federal Reserve meeting as a sign the U.S. central bank might hike interest rates faster to cool inflation.
Fed Sees Rate Hikes 'Sooner' As Inflation Spikes: Meeting Minutes
Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that interest rate hikes could come sooner than expected, according to minutes of the December meeting released Wednesday. The document provides a behind-the-scenes look at the deliberations of the Fed's policy committee, which convened as the US central bank faced increasing pressure to act ag…
Asian stocks follow Wall St lower after Fed rates signal
By JOE McDONALD AP Business WriterBEIJING (AP) — Asian stock markets have followed Wall Street lower after investors saw minutes from a Federal Reserve meeting as a sign the U.S. central bank might hike interest rates faster to cool inflation. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices fell. Wall Street’s benchmark S&P 500 index fell by its biggest daily margin in four months. Notes from the Fed meeting last month showed policym…