The Federal Reserve won’t meet again until the next rate-setting meeting on Dec. 13-14, but November’s meeting minutes due Tuesday afternoon will be watched by investors for clues as to how high the benchmark interest rate needs to go and how long it will stay there for the inflation to come back down to the central bank’s 2% target.
“We’re... The Federal Reserve won’t meet again until the next rate-setting meeting on Dec. 13-14, but November’s meeting minutes due Tuesday afternoon will be watched by investors for clues as to how high the benchmark interest rate needs to go and how long it will stay there for the inflation to come back down to the central bank’s 2% target.
“We’re going to see the debate and the discussions around the two-step process, in other words, the importance of slowing the pace of rate hikes, but also not appearing to have declared victory on inflation,” Donabedian said. “There were certainly discussions about the appropriateness of slowing the size of the rate hikes, but also the appropriateness of remaining firm in that terminal rate. I think that’ll be the gist of it.
Wall Street’s main indexes started the volatile month with investors reacting to remarks from Fed Chair Jerome Powell, who sent a clear signal in his news conference on Nov. 2 that interest rates will move higher and stay there longer than previously anticipated. Though cooler inflation figures in the following week saw stocks log the biggest one-day advance since 2020, some Fed officials’ subsequent hawkish comments soured investors’ hopes for a forthcoming central bank policy shift.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: FoxBusiness - 🏆 458. / 53 Read more »