Signal to increase interest rates & # 39; in the minutes of the Fed



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The minutes of the Federal Reserve Committee (FOMC) of the US Federal Reserve (FOMC), which was held on November 7 and 8, were published.

The Fed, which is the world's most influential central bank, has kept the key rate steady in a range of 2 to 2.25%, adding that "almost all FOMC members are in favor of interest rates additional graduals ".

"Almost all members indicated that it would be appropriate to move to the policy rate soon if labor market and inflation data should be stronger or stronger, in line with expectations," he said. he declares. The statement has been given.

This statement, the Fed's FOMC meeting of December 18 and 19, will be expanded as the interest rate rises.

In the minutes, the statements highlighting that one of the two members argued that the key rate could have reached the neutral level to balance the economy in the current situation.

"Incremental increases in interest rates" can be removed from the decision text
According to the minutes, another important discussion among Fed officials at the November meeting was devoted to the FOMC decision text published at the end of the meetings.

"The Committee believes that further gradual increases in interest rates are appropriate for the recovery of economic activity, the vigor of working conditions and the near-term inflation target. 2% goal, "said many FOMC members. He said he hoped his statement would be amended to give more importance to future data.

It was pointed out that this change would be useful in explaining that the FOMC would be flexible to respond to changing economic conditions.

Markets commented in those minutes that the Fed would raise interest rates or slow down if the US economy slows down next year.

Economic forecasts for the quarter, released by the Fed in September, indicated that the bank planned to raise interest rates three times next year.

IMPORTANT CURTAINS OF THE DAY

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