Federal Reserve Doesn’t Signal Rate Cuts at Policy Meeting, New Minutes Reveal

Published on November 21, 2023

The Federal Reserve did not provide an indication that it would cut interest rates, according to minutes published for the November Federal Open Market Committee (FOMC) policy meeting. Rate-setting committee members agreed that monetary policy needed to stay in “restrictive” territory until the data highlighted that inflation was sustainably returning to its 2 percent target rate. Policymakers also noted that additional policy tightening might be appropriate if incoming data supported the case for more rate hikes. “In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the committee’s 2 percent objective over time,” the minutes stated....

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IN-DEPTH: How Feds Have Pushed Jurisdictional Boundaries With Environment Policies

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