Fed minutes show most policymakers want to slow the pace of interest rate rises 'soon'

Quick Summary:

"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the Fed minutes said.

So, going 50 basis points (and more! ) into the most inverted yield curve since October 1981 is reason to be festive?

October's Consumer Price Index report showed inflation rose by 7.7%, below what economists had expected.

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Article Details

Category: Economy

Markets: United States

Topics: Inflation Interest Rate Fed inflation Markets Fed Minutes David Rosenberg MI Exclusive Interest rate hikes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 10:28:39 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1967 (out of 2905 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Business Insider

News ID: 1907514

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