US EditionFederal Reserve minutes indicate worries over lack of progress on inflation
- Federal Reserve officials expressed concerns about inflation levels, with a lack of confidence to proceed with interest rate reductions, per minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee.
- Inflation remained above the Fed's 2% target, prompting worries among policymakers about the future trajectory of prices and their impact on consumers, especially those with lower incomes.
- Recent data showed a slowdown in hiring and a cooling of price pressures, indicating a possible shift in the economic landscape since the meeting.
21 Articles
21 Articles
Federal Reserve Contemplates Further Rate Hikes Amid Inflation Uncertainty
Federal Reserve Contemplates Further Rate Hikes Amid Inflation Uncertainty Federal Reserve officials at their last policy meeting said they still had faith that price pressures would ease at least slowly in coming months, but doubts emerged about whether the current level of interest rates was high enough to guarantee that outcome and "various" officials said they'd be willing to hike borrowing costs again if inflation surged. That meetingwas h…
Federal Reserve Concerned About Inflation Uptick: Minutes
Federal Reserve officials agreed it would take longer than previously thought to achieve greater confidence that inflation is moving toward the central bank’s 2 percent target, according to new minutes from the April 1 to May 1 policymaking meeting. The two-day meeting summary, released on May 22, featured policymakers discussing the causes of the first-quarter inflation increase, with opinions ranging from seasonal distortions to potential broa…
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now...
Associated Press News
pantheonsite.ioFederal Reserve minutes: Policymakers saw a longer path to rate cuts
After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.
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