Visitors Now:
Total Visits:
Total Stories:
Profile image
By Global Economic Intersection
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

21 September 2016 FOMC Meeting Minutes: Will the FOMC Ever Raise the Funds Rates?

Wednesday, October 12, 2016 18:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Fed-sealSMALLThe 21 September 2016 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was a significant amount of discussion about inflation (including health care and rents). The continued division between the FOMC members on when to raise the federal funds rate. The majority opinion which in their words was a “close call”:

Participants generally agreed that the case for increasing the target range for the federal funds rate had strengthened in recent months. Many of them, however, expressed the view that recent evidence suggested that some slack remained in the labor market. With inflation continuing to run below the Committee’s 2 percent objective and few signs of increased pressure on wages and prices, most of these participants thought it would be appropriate to await further evidence of continued progress toward the Committee’s statutory objectives …..

Read more …

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.