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

Business Insider LogoBusiness Insider2 mo ago

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

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:

Topics:

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)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 1907514

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Main Topics: EconomyBusiness

Official Website: businessinsider.com

Update Frequency: 64 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

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