Fed Minutes Show 2% Inflation Is Not a Rate-Hike Trigger
Photo: TokenPost
Federal Reserve officials do not view reaching their 2% inflation goal as a required trigger for either another interest-rate increase or a pause, but most still expected one more hike by year-end. The Federal Open Market Committee unanimously raised its federal funds target range by 25 basis points to 3.75% to 4% at its Sept. 15-16 meeting, effective Sept. 17. The minutes, released Oct. 7 at 2 p.m. ET (1800 UTC), showed policymakers remained divided over how much additional tightening the economy may need. Most participants judged another increase would likely be appropriate by year-end.
Source: TokenPost
