Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
WASHINGTON — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday. The officials agreed at the Oct. 31-Nov. 1 meeting that they would raise their key rate again if incoming economic data “indicated that progress” toward the 2% target “was insufficient,” the minutes said. The minutes released Tuesday suggested that the Fed’s policymakers hope to see forthcoming data confirm that inflation is headed back toward their target level. Fed officials expect that future economic data will “help clarify the extent to which” inflation kept falling, “demand was moderating” and “labor markets were reaching a better balance between demand and supply,” the minutes said.
Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
Discover Related
RBI likely to cut rates amid easing inflation, slowing growth, more easing expected on growth concerns: Mint poll
Trump tariffs: Why is the US President confident of Fed rate cuts despite Jerome Powell’s inflation warning?
U.S. Fed Chair Powell warns tariffs likely to push up inflation, cool growth
US adds nearly 2.5 lakh jobs in March but unemployment rate shoots up to 4.2%
Higher inflation, slower growth: US Federal Reserve chair warns after Trump tariffs
Yields little changed after data with tariffs on deck
More ECB Officials Appear Ready to Accept an April Rate Pause
ECB’s Nagel Cautions Against Excessive Optimism on Inflation
Brazil’s Central Bank Cuts Growth Outlook on Inflation Woes
Polish MPC’s Dabrowski Sees 50/50 Chance of Rate Cut in 2025
Fed's balancing act gives respite to tariff-struck investors
Stock market today: Wall Street edges lower despite solid data on the economy
Most Asian markets track Wall St rally after Fed rate signals
Fed projections show economy radically changed by Trump’s election
US Fed keeps interest rates unchanged: Key takeaways from the meeting
Trump pushes for interest rate cut to "ease" effect of tariffs
Bloomberg Surveillance: Trump and the Fed
Stagflation, explained: What to know about the latest economic forecast
Will US Fed's rate pause derail RBI's liquidity easing plans?
Sensex, Nifty opening today: Will market react to US Fed interest rate decision?