Fed Minutes: Cooling Economy, Diminishing Price Pressures, Readiness for Response, Rate Hikes if Inflation Persists

Kathy Jones@KathyJones

1 year ago

FOMC meeting minutes: officials want more confidence inflation is falling before cutting rates. Vast majority of officials expect the economy to gradually cool, while several cited the risk of rising unemployment should demand weaken.

Hardik Shah@AIStockSavvy

1 year ago

📣 JUST IN: Fed Says No Rate Cuts Until Inflation Confidence Increases 💹 #Economy #FedRates 👉 Key Highlights: 📍 Fed officials see inflation moving in right direction but not fast enough. 📍 Greater confidence needed to cut rates, minutes from June meeting show. 📍 Fed… https://t.co/O248OSCgOV

Kathy Jones@KathyJones

1 year ago

FOMC meeting minutes: officials want more confidence inflation is falling before cutting rates. Vast majority of officials expect the economy to gradually cool.