Several participants in the Fed's January monetary policy meeting notes that it might be appropriate to consider pausing or slowing the balance sheet until the debt ceiling issue is resolved. Respondents to the Fed survey believe the process will end in mid-2025, slightly later than previously expected.
The Fed's January monetary policy meeting notes that all participants thought it was appropriate to keep the target rate unchanged.
Fed meeting notes show that participants noted that inflation has eased over the past year, but remains elevated. In recent months, inflation has made some further progress toward the Committee's 2 percent inflation target. Participants noted that recent progress on disinflation has been broad-based and involves major components of core inflation. Core commodity prices were largely flat from March to June this year after rising in the first three months of the year....