A solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
But as well, “participants generally noted that upside risks to the inflation outlook remained a key factor shaping the policy outlook,” and that interest rates would need to move higher and stay elevated “until inflation is clearly on a path to two per cent.”
The minutes showed the Fed navigating towards a possible endpoint to its current rate increases, at once slowing the pace in order to more cautiously approach a possible stopping point while also leaving open just how high rates will ultimately rise in the event inflation does not slow. The policy statement issued on Feb. 1 said “ongoing increases” would still be needed, but shifted the focus from the pace of coming rate hikes to their “extent,” a nod to the fact that policymakers feel they may be approaching a rate that is adequate to make continued progress in reducing inflation.Article content
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »
'Almost all' Fed officials backed 25 basis point hike at last meeting, minutes showA solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of interest rate increases. Read more.
Read more »
Japan bids teary farewell to pandas sent to reserve in ChinaJapanese panda fans bid teary farewells to their idols Xiang Xiang, “super papa” Eimei and his twin daughters who were sent to China on Tuesday to swap their home at the zoo for a protected facility in Sichuan province.
Read more »
Jets place rookie forward Perfetti on injured reserveWinnipeg Jets place rookie forward Cole Perfetti on injured reserve with upp-er-body injury
Read more »
Alberta, Saskatchewan methane emissions almost four times more than reported: researchResearch suggests methane emissions in Alberta, Saskatchewan almost four times more than has been reported to government
Read more »
Alberta, Saskatchewan methane emissions almost 4 times more than reported: research | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »