Published 2 months ago

Federal 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.

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The Guardian

Federal Reserve concerned over ‘lack of further progress’ in bid to tame inflation

While price growth has fallen sharply, with April’s 3.4% lower than March’s 3.5%, it is still higher than Fed’s medium-term goal of 2%

2 months ago·London, United Kingdom

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Associated Press News

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 at a 23-year high.

2 months ago·United States

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abc News

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

2 months ago·United States

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CNBC

Federal Reserve minutes indicate worries over lack of progress on inflation

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.

2 months ago·United States

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Winnipeg Free Press

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

WASHINGTON (AP) — 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 […]

2 months ago·Winnipeg, Canada

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National Post

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

WASHINGTON (AP) -- 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.

2 months ago·Canada

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