The transcript of the latest FOMC meeting has just been released. The Fed bankers communicated the need to keep rates at higher levels for a longer period of time. Moreover, some bankers are unsure whether the current level of tightening is sufficient to bring inflation back to target. In the first minutes after the publication, we see declines on the US100 index and a rise of the dollar.
Other comments:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appParticipants at the meeting assessed it would take longer than previously anticipated to gain greater confidence in inflation moving sustainably to 2%.
- Many participants commented on their uncertainty about the degree of policy restrictiveness.
- Various participants mentioned willingness to tighten policy further should risks to outlook materialize and make such action appropriate.
- Participants remarked that the future policy path would depend on incoming data, the evolving outlook, and the balance of risks.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
