Fed Minutes: Almost all Fed members are waiting at interest rates

The minutes of the meeting of the Federal Open Market Committee (FOMC) of 7 and 8 November have been published.

Nearly all Fed members are expecting a rise in interest rates recently, the report said. It was pointed out in the minutes that the Fed had considered modifying the communication on the gradual rise in rates, that there was no predefined path for monetary policy and that the risks were high.

In the minutes it was stated that almost all members of the Fed were considering a policy of gradually increasing interest rates and that above-trend growth would slow down in the medium term.

In the minutes explaining that trade, corporate debt and low inflation risks are discussed, it was announced that members were discussing the need for a flexible approach to interests and risks to the increase related to financial incentives.

It was pointed out that members were very much in discussions about the ratio of reserves and were participating in the report where the decision texts of the members were more data-driven.