Fed members back gradual rate cuts should economy evolve as expected: FOMc Minutes
nvesting.com – Fed members continued to support gradual rate cuts should economic data come in as expected, but some members floated the idea of a pause if inflation remains elevated, according to the minutes of the Federal Reserve’s Nov. 6-7 meeting, released Tuesday.
At the conclusion of its previous meeting on Sept. 18, the Federal Open Market Committee, or FOMC, reduce its benchmark rate by 25 basis points to a range of 4.5% to 4.75%. The recent signs of economic strength as well as worries that a second Donald Trump administration could fuel inflation have muddied investor expectations for Fed rate cuts.
Fed chairman Jerome Powell signal that economy isn't signalling a need for speed on rate cuts as the recent strength allows the Fed to take a careful approach to monetary policy decisions.Scan QR code to install app
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD: FOMC minutes and core PCE in focus this weekThe Dollar Index (DXY) briefly traded above 108 on Friday, although this was primarily a euro rather than dollar-driven move, ING’s FX analyst Chris Turner notes.
Read more »
Forex Today: Investors’ focus gyrates to the FOMC MinutesThe Greenback started the week on the back foot following alleviated concerns surrounding the US political backdrop after President-elect D.
Read more »
Forex Today: CAD and MXN under pressure, USD recovers modestly ahead of FOMC MinutesHere is what you need to know on Tuesday, November 26: Following the bearish action seen at the beginning of the week, the US Dollar (USD) recovers modestly early Tuesday.
Read more »
USD/CHF strengthens above 0.8850 on bullish US Dollar, traders brace for FOMC MinutesThe USD/CHF pair holds positive ground around 0.8875 during the early European session on Tuesday.
Read more »
AUD/USD maintains its offered tone below 0.6500, looks to FOMC minutes for fresh impetusThe AUD/USD pair struggles to capitalize on its intraday bounce from the 0.6435-0.6430 area, or its lowest level since August 5 touched earlier this Tuesday and keeps the red through the first half of the European session.
Read more »
EUR/USD rebounds as USD gives up gains, FOMC minutes in focusEUR/USD recovers intraday losses and rebounds to near the psychological resistance of 1.0500 in Tuesday’s European session.
Read more »