Minutes for the Federal Open Market Committee’s July meeting were published today and markets have responded coolly.
Higher Rates Ahead
The U.S. central bank may raise rates yet again, according to the minutes from last month’s Federal Open Market Committee (FOMC) meeting, released today.
In July, a 0.75 percentage point hike raised rates to the 2.25% to 2.5% range. The FOMC now plans to double the rate of balance sheet shrinkage in September.
Members suggested that the pace of rate hikes and balance sheet reduction would be contingent upon market conditions and responsive to them. They further suggested that it may become necessary to adjust the rate of tightening policies in order to assess their real impact on inflation. The minutes read:
“Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook and that they would be prepared to adjust the stance of monetary...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...