Latest Fed minutes: Cautious on interest rates, pursuing 2% inflation target risks both sides
六月清晨搅
发表于 2023-10-12 17:36:55
279
0
0
According to the Wall Street Journal Chinese website reported on the 12th, in terms of interest rates, the minutes of the meeting showed that Federal Reserve officials were inclined to the possibility of raising interest rates again. "Most" participants thought it would be appropriate to raise the target for the federal funds rate one more time in the future, and a few saw no need for additional increases. If long-term Treasury yields keep rising, Fed officials may not need to raise rates again this year.
The minutes show that Fed officials are beginning to consider how long they need to keep interest rates at or near current levels before cutting them. Some officials said the focus of interest rate decisions and public communications should shift from "how high to raise the policy rate" to "how long to keep the policy rate at a restrictive level."
While officials expect inflation to continue to slow in coming months, many of them believe that if the forecasts are wrong, it will be because inflation is higher than expected, which could require tighter policy. At the same time, officials also saw a heightened risk of economic growth falling short of expectations, although it was not as bad as economists had expected, who had expected growth to slow this year.
Separately, the Financial Times reported that members of the Federal Open Market Committee struck a cautious tone, saying there were "two-sided" risks in pursuing the 2 per cent inflation target.
Double-sided risks refer to the risk of tightening too little, which would keep inflation high, or too much, which could sharply curb economic growth. However, Fed officials acknowledged that policy "should remain restrictive for some time until the committee is confident that inflation is declining consistently toward its objective".
There were two references to caution in the minutes, which said that all participants agreed that the committee could proceed with caution. They also said they supported "proceeding cautiously in determining the extent of additional policy tightening that might be appropriate."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- How will the Federal Reserve make decisions in the future when the US inflation data exceeds expectations and opinions differ?
- Is it impossible to cut interest rates by 50 basis points in November? Federal Reserve Governor Waller: Future interest rate cuts need to be 'more cautious'!
- Last night, there were multiple historical highs! The 'terrifying data' exceeds expectations, and the Federal Reserve's interest rate cut expectations are hit again
- The Federal Reserve is deceiving Hu, and Trump is making efforts! Emerging markets are in trouble
- Go long on gold and Bitcoin! Legendary investor: No matter who is elected president, inflation in the United States will rise
- Big news from the Federal Reserve! A round of violent selling in the US bond market
- Is the Federal Reserve's "two consecutive declines" hoping to fail? CEO of Da Mo: The good days of 'cheap funds' are over!
- The Federal Reserve will have an important meeting next week! International banks predict 'bright prospects for interest rate cuts'
- Xiao Mora sounded the 'ultimate alarm': if Trump wins the beauty pageant, the Federal Reserve may suspend interest rate cuts from December!
- Super week is coming! These two factors have become the focus of global traders, and the Fed's interest rate cut has become a supporting role
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 前天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 昨天 17:41
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 昨天 16:27
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 昨天 14:41
- 支持
- 反对
- 回复
- 收藏