Nick Timiraos, the Fed's megaphone, pointed to Fed meeting notes as further evidence that officials are broadly willing to keep rates on hold at their upcoming meeting at the end of the month. "Participants indicated that the committee is at or near the appropriate level to slow the pace of policy easing," the meeting notes said. Based on their current outlook for economic activity, officials believe the Fed is likely to continue cutting rates at a slower pace than in recent months.
Fed meeting notes: Participants said that if the data performed as expected, it would be appropriate to continue the gradual move towards a more neutral policy stance.
Fed meeting notes: Participants said the Fed is at or near a point when it is appropriate to slow the pace of easing.
The Bank of Japan meeting notes that members agreed that the Bank of Japan will continue to raise interest rates if economic and price trends meet expectations.
The Bank of Canada meeting notes that the decision to cut interest rates by 50 basis points was a difficult choice to make.
The Bank of Canada meeting notes: This group of members said a 50 basis point cut seems unlikely to bring interest rates below required levels in the next few meetings.
The Bank of Canada meeting notes: The decision to cut interest rates by 50 basis points reflects the lower than expected growth outlook and the fact that monetary policy no longer needs to be significantly restrictive.
The Federal Reserve may pause interest rate cuts at its upcoming meeting.
Fed meeting notes: Some participants said the Fed could pause easing and keep policy rates at restrictive levels if inflation remains high.
Many participants at the Fed's Nov. 6-7 meeting said uncertainty about the level of the neutral interest rate made it appropriate to gradually reduce policy restrictions, according to Fed meeting notes.
According to the New York Times, Federal Reserve meeting notes show that when Fed officials cut interest rates at a meeting this month, they refrained from giving a clear hint of what might happen next. The meeting notes released on Tuesday offered little signal as to whether Fed officials might cut rates at their December meeting or how much they might cut in 2025. Economic data has been stronger than economists had expected in recent months. The job market, which has been showing signs of cool...
The Fed is considering a five basis point cut in the reverse repo rate as a technical adjustment, according to meeting notes. Some participants said it may be appropriate to consider resetting the overnight reverse repo rate to the bottom of the target range for the federal funds rate in the future.
QCP Capital's latest analysis pointed out that the Fed's meeting notes show a less dovish stance than expected. Coupled with the strong employment data on Friday, the market's expected probability of a 25 basis point interest rate hike in November rose to 83.7% from 67.9% last week. Tonight's CPI and tomorrow's PPI data will be the key risk events of the week. Although the US stock index rose last night and the S & P 500 index hit a new high, the cryptocurrency market has not seen the same optim...
The Fed meeting notes that a smaller rate cut would give more time to assess the state of the economy.
According to the Fed meeting notes, several participants pointed out that a 25 basis point rate cut would be in line with a gradual normalization path; almost all participants agreed that upside risks to inflation had diminished; most participants indicated that downside risks to the labor market had increased; several participants said that reducing policy restrictions too early or too much could lead to a stagnation or reversal of the de-inflation process; the balance sheet may continue for so...