Page 15 - Fomc News Today

Federal Reserve policymakers at their most recent meeting united around a strategy to ‘proceed carefully’ on future interest-rate moves and base any further tightening on progress toward their inflation goal.

"Participants noted that further tightening of monetary policy would be appropriate if incoming information indicated that progress toward the Committees inflation objective was insufficient," the minutes said.

U.S. economic data this week has left investors in the same state of confusion about Fed policy as they have been in for weeks. Retail sales proved strong while producer prices inflation, coming soon after the below-forecast core inflation, reinforced the disinflation theme and supported views of a peak in U.S. rates.

Equities struggle for momentum, after this week’s gains, amid persistent hope for a pause in US rate hiking

The Federal Reserve’s next interest rate decision comes on December 13, and rates are likely to remain unchanged at 5.25% to 5.5%.

The interim president of the St. Louis Federal Reserve said the central bank "can afford to wait for further data" on the economy and inflation before...

Retail would normally be hiring briskly for the upcoming holiday buying season. We have started to see a rise in the unemployment rate(s).

The Federal Reserve still outlines potential scenarios for higher interest rates, but markets currently believe that we may be at peak rates for this cycle.

The Federal Reserve still outlines potential scenarios for higher interest rates. But markets currently believe that we may be at peak rates for this cycle.

Brent January crude futures were up 90 cents to $85.92 a barrel by 1042 GMT, while U.S. West Texas Intermediate crude futures also gained 90 cents to $81.92