In January, Federal Reserve officials expressed their readiness to stabilize interest rates amidst stubborn inflation and economic policy uncertainty.
“Participants indicated that, provided the economy was with maximum employment, they would like to see further progress on inflation before making additional adjustments in the target limit for federal funds,” from the January 28-29 meeting of the Federal Open Market Committee. Shown the minute.
The minutes released on Wednesday in Washington said, “Many participants said that the committee could hold the policy rate at a restrictive level if the economy remained strong and inflation remains high.”
Authorities placed the fed benchmark policy rate within the range of 4.25% -4.5% in that meeting.
The records of the meeting underlined the cautious approach that the Fed Policy makers are taking the interest rates from one percent point in the closing months of 2024. Several officials have said that they would prefer inflation towards the 2% target of the Fed and another support, before another support. Cutting.
According to Futures Markets, investors are currently priced in a rate cut in 2025 with a second possibility of a second.
Some officials also expressed concern over the risks arising from another loan roof performance in Washington.
Minors said, “Regarding the ability of important swings in the stores in the coming months related to loan roof dynamics, various participants mentioned that it may be appropriate to consider stopping or slowing down the balance sheet runoff to the resolution of this incident. Is, “Mines said.
