FOMC Minutes: Many Fed officials saw another rate hike warranted this year

Eren Sengezer FXStreet

The minutes from the Federal Reserve’s September (19th & 20th) monetary policy meeting have been released, revealing that many Fed officials saw another rate hike warranted this year.

Key highlights (via Reuters):

Many Fed officials saw another rate hike warranted this year
Many Fed officials concerned low-inflation not only transitory
A few Fed officials wanted hikes delayed until inflation higher
Some patience warranted while assessing inflation
Several Fed officials said hike should hinge on incoming data
A few officials pointed to upside inflation risks due to tight jobs
Fed officials saw next few inflation reports affected by storms
Most officials saw wages picking up as labor market strengthens

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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