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Oct 31 - Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday.
EXTENT OF ADDITIONAL FIRMING Inflation by the Fed's preferred gauge was 3.4% in September, down by more than half from last summer's peak but still well above the U.S. central bank's 2% goal. PROCEED CAREFULLY In his news conference following the Fed's September decision to hold the policy rate steady, Powell said the Fed would proceed or move"carefully" 11 separate times.
In remarks earlier this month Powell repeated the"proceeding carefully" mantra but also used the word"patience" to describe the Fed's approach to policy adjustments; Fed policymakers in the past have used that word to signal an extended hold on rates. TERM PREMIUM Fed policymakers have in recent weeks cited the rise in longer-term borrowing costs and the consequent tightening of financial conditions as reasons for holding off on any further increase in short-term interest rates.
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