Crypto NewsEconomyBREAKING: Highly Anticipated FED Minutes Published! Here are the Details

BREAKING: Highly Anticipated FED Minutes Published! Here are the Details

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After the FED left interest rates unchanged at its last meeting, the minutes of the said meetings were published.

Here are the details from the minutes:

  • Members believe that upside risks to inflation have receded.
  • Some members see an increased risk of more serious disruption to the workforce.
  • A “vast majority of members” believe a rate cut in September is likely to be appropriate.
  • 'A few' members saw reasons for a rate cut at the July meeting.
  • Downside risks to employment are seen as increased.
  • Almost all members believe that the decline in inflation will continue.
  • Nearly all authorities want more inflation data before cutting interest rates.
  • Members believe the latest data strengthens their confidence that inflation is on track to reach the 2% target.
  • Many participants said recent improvements in inflation and the rise in the unemployment rate provided a “reasonable basis” for a quarter-point cut at the July meeting, or that they would support such a move.
  • All participants supported leaving the current policy rate range unchanged. Many participants noted that easing policy too late or too little could excessively weaken economic activity or employment.
  • Members have observed that the Fed has recently made “further progress” in achieving its 2% inflation target.
  • Fed officials lowered their forecast for economic growth in the second half of 2024, largely citing weaker-than-expected labor market conditions.
  • Many officials said interest rates were at restrictive levels.



Buradaki Yorumlardan Bildirim Al
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