Posted 11/21/2023, 7:31:35 PM
Fed Minutes Show Caution on Future Rate Hikes While Monitoring Inflation
- Minutes suggest another rate increase possible if inflation stays high, but Fed not in a hurry to hike again
- Officials want to avoid raising rates too much and risking recession
- Fed watching for signs of progress on inflation and moderation in the job market
- Minutes indicate Fed plans to watch economic data over coming months
- Investors think little chance of December rate hike; focused on when Fed may start cutting rates