- Analytics
- News and Tools
- Market News
- Fed’s September monetary policy meeting minutes: the Fed wanted to have more time to see if the slowdown in the global economy will have a negative effect on the U.S. economy
Fed’s September monetary policy meeting minutes: the Fed wanted to have more time to see if the slowdown in the global economy will have a negative effect on the U.S. economy
The Fed released its September monetary policy meeting minutes on Wednesday. The Fed said that it wanted to have more time to see if the slowdown in the global economy will have a negative effect on the U.S. economy.
"The Committee decided that it was prudent to wait for additional information confirming that the economic outlook had not deteriorated and bolstering members' confidence that inflation would gradually move up toward 2 percent over the medium term," the minutes said.
Most Federal Open Market Committee (FOMC) members expect the Fed to start raising its interest rate this year.
FOMC members noted that the U.S. labour market continued to improve, while the inflation remained at low levels.
"After assessing the outlook for economic activity, the labour market, and inflation and weighing the uncertainties associated with the outlook, all but one member concluded that, although the U.S. economy had strengthened and labour underutilization had diminished, economic conditions did not warrant an increase in the target range for the federal funds rate at this meeting," the minutes said.
FOMC members voted 9-1in September to keep interest rates unchanged. Only Richmond Fed President Jeffrey Lacker voted to raise interest rate by 0.25%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
