Next meeting of the federal reserve board12/16/2023 The minutes said “a number" of participants said some supply shortages “may not be resolved quickly and, if so, these factors could put upward pressure on prices beyond this year." Still, “many" observed that longer-run inflation expectations remained anchored near the committee’s goal. In their comments about inflation, Fed officials said that a jump in demand along with some bottlenecks in supply would likely push inflation measures above 2% in the near term. fiscal stimulus, risk overheating the economy. Policy makers will have that report, plus the one for May, at their next meeting in June.įears of higher inflation have unsettled some investors in recent weeks amid rising commodity prices, while Fed critics argue that its ultra-easy policies, combined with massive U.S. The recovery picture was muddled by a disappointing April jobs report, which came after the Fed’s meeting. Policy makers have since noted they’d need to see continued strength to indicate that the economy was on its way to meeting the Fed’s test to scale back bond buying. labor market posted strong gains in March, the most recent month for which Fed officials had data at the April meeting. Treasuries pressured lower on heavy futures volumes after the minutes were published, as investors digested the news that there was a group of officials open to talking about tapering bond buying. ![]() Officials held interest rates near zero at the meeting and pledged to continue buying $80 billion in Treasuries and $40 billion in mortgage-backed securities every month until “substantial further progress" had been made on their employment and inflation goals.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |