A growing sense of uncertainty around the path of the U.S. economy, with volatile data and tightening financial markets posing risks to growth, pushed Federal Reserve policymakers into a newly cautious stance last month, a position reaffirmed by top U.S. central bank officials in a series of statements this week.
showed policymakers wrestling with risks they agreed were no longer just about inflation, with world energy and food markets perhaps threatening a new surge in prices, but slowing global growth, labor strikes and tightening financial markets possibly clamping down on the economy in unexpected, and job-killing ways.
The moves in the bond market began after the Fed's last rate increase in July, was noted by a staff analysis in the September meeting that showed a rise in inflation-adjusted "real" rates of interest, and was reflected in recent comments by Fed Vice Chair Philip Jefferson and Investors since that meeting have steadily discounted the likelihood of any further hikes. After the release of the minutes on Wednesday, they gave a less than 10% chance of an increase in the policy rate at the Oct. 31 -Nov. 1 meeting and a roughly 26% chance at the Dec. 12-13 session, according to CME Group's FedWatch Tool.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Federal Reserve (Fed) Meeting MinutesGet the FOMC Meeting Minutes results in real time as they're announced and see the immediate global market impact.
Read more »
Most Fed members backed future rate hike, Fed September minutes showMost Fed members backed future rate hike, Fed September minutes show
Read more »
FOMC Minutes Preview: Reinforcing higher for longerThe US Federal Reserve (Fed) will release the minutes of the Federal Open Market Committee's (FOMC) September 19-20 policy meeting at 18:00 GMT on Wed
Read more »
Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertaintyFederal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate.
Read more »
Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertaintyFederal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate. Such cautious comments are generally seen as evidence that the Fed isn’t inclined to raise rates in the near future. Economic data from the past several months “generally suggested that inflation was slowing,” the minutes of the Sept. 19-20 meeting sa
Read more »
Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertaintyFederal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate.
Read more »