Fed minutes reveal a breakdown of future rate cuts and inflation concerns
Panellists Antoni and Marc Sumerlin entered the WHO’s next potential chairman to save the reservation money and decide on the upcoming December Kudlow vote.
Minutes of The Federal Reserve’s A policy meeting last month indicated that the path to interest rate cuts in December and next year is far from certain.
Policymakers at the Federal Open Market Committee (FOMC) were divided in October and agreed on whether to rate more at their next meeting in mid-December between A softening labor market and rising prices.
The Fed cut rates for the first time this year in September, and followed that by a second cut in October, leaving the benchmark Federal funds rate at 475% to 4%.
“When discussing the immediate monetary course, participants expressed different views about what policy decisions would need to be made at the next meeting of the Committee,” the FOMC wrote.
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Federal Reserve Chair Jerome Powell and other policymakers will announce their next interest rate decision on December 10. (Jim Watson/AFP/Getty Images)
“Many participants judged that further adjustments to the lower target level of the Federal Funds rate may be appropriate as the committees are moved to a neutral position,” policymakers said.
“Several stakeholders are assessing whether further reductions in the target range for the Federal Funds rate may be appropriate in December if the economy performs as expected in the coming forecast period,” the FOMC said. “Many participants suggested that, under them Economic Outlookit may be appropriate to keep the target distance unchanged throughout the year. “
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The Federal Reserve cuts interest rates by 25 basis points typically in September and October. (Ting Shen/Bloomberg via Getty Images)
The minutes also show a discussion among officials about policies designed to impact the high tax rate under the The Trump administration in price increases.
Businesses that import goods from abroad face higher costs due to taxes, which have had an impact on them inflation As those costs are passed on through higher consumer prices.
Several actors noted that “setting aside their estimates of the effects of tariffs, rates were close to the committee’s target” of another 2% increase. However, the FOMC minutes noted that many participants in the policy meeting “noted that inflation had been above target for a while and showed little sign of a timely return.”
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Tariffs on imports are offered by the importer, who often passes on higher costs to consumers at higher prices. (BANDON BELL/Getty Images)
“Many participants expect an additional increase in the price of the main goods in the next few places, the participants expressed uncertainty about the prices related to the prices.
Another area where the policy makers have been able to reach is when they agree that the monetary policy is not in a set event and will be based on the range of income data, the economic evolution and the balance of risks.
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Market expectations for a third straight cut in December have changed, with the fedwatch tool showing a 43.8% chance of a 25.8% cut on Wednesday but below the 98.8% chance from last month.
