The minutes from the Federal Reserve’s December meeting shows officials believe interest rates may have reached or be near the peak for the current cycle, with a consensus that rates could end 2024 lower due to progress being made in the fight against inflation. However, officials also stressed that there is a lot of uncertainty in the economy and left the door open to raising rates again if they determine it is needed.
Officials emphasized the need for more evidence that inflation is moving towards the central bank’s 2% target. One thing policymakers noted is that they are paying attention to the six-month measure of inflation. That is important because the latest core PCE price index, on an annualized basis, was below the Fed’s 2% target.
Yahoo Finance Fed Reporter Jennifer Schonberger reports on the minutes of the December Fed meeting.
#Federalreserve #interestrates #youtube
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