BREAKING: The Fed’s Much-Anticipated Meeting Minutes Have Been Released – Here Are All the Details
The minutes of the meeting containing details about the FED's 25 basis point interest rate cut decision taken last month have been published.
Here are all the details you need to know from the minutes:
- Few officials felt it was advisable not to cut interest rates in September.
- One participant supported a half-point rate cut at last month's meeting.
- Officials noted a slowdown in employment growth and a further increase in the unemployment rate.
- Most participants argued that there were upside risks to their expectations regarding the inflation outlook.
- Most officials expect inflation levels to remain high in the near term but to gradually return to target levels.
- Several officials said bank reserves remained adequate.
- Nearly all officials supported the decision to cut interest rates by 25 basis points in September.
- Fed staff raised their GDP growth forecast for 2025-2028.
- Authorities believe the downside risks facing the job market are increasing.
- Officials believe inflation expectations are firmly anchored.
- Several officials believe that AI could reduce labor demand.
- Most officials said it might be appropriate to loosen the policy further this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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