7/102 sources · 2 publishersUpdated Oct 8, 23:51 UTC
Fed minutes signal most officials expected another rate increase this year
Minutes from the Federal Reserve's September meeting showed that most policymakers thought another increase in the policy-rate target would probably be needed before year-end. The committee voted unanimously in September to lift the target by 25 basis points, placing it at 3.75%-4.00%.
Why it matters
The minutes reinforce that Federal Reserve officials retained a tightening bias after September, although they said later decisions would depend on incoming data and the balance of risks. That stance can affect expectations for borrowing costs, Treasury yields and risk assets.
Key facts
- 1The September Federal Open Market Committee decision to increase the policy-rate target had unanimous support. investing.com
- 2The committee lifted the target by 25 basis points in September, setting the range at 3.75%-4.00%. investing.com
- 3Most meeting participants judged that a further increase in the target range would likely be appropriate before year-end. investing.com
- 4The minutes said future policy decisions would depend on new information and its implications for the outlook and risk balance. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.