FED FED FED!!!!!!!
Fed minutes: Expect more evidence that inflation is falling
In the minutes of the Fed's meeting, a message was given that it would not be ready to cut interest rates until there was confidence that inflation returned to the 2 percent target.
The minutes of the Fed's meeting held on June 11-12 have been published. A message was given in the minutes that they were waiting for additional evidence that inflation was slowing down.
Fed officials said there had been "moderate progress" in inflation in recent months, but they wanted to see additional evidence before they gained confidence that it was moving toward the 2 percent target.
The minutes noted that some officials emphasized the need for patience in allowing the FOMC's restrictive policy stance to limit aggregate demand and further ease inflation pressures. Some participants pointed out that further weakening in demand could lead to an increase in the unemployment rate.
The minutes stated that the majority of participants evaluated that the growth in economic activity was gradually decreasing, and that most officials viewed the current policy stance as restrictive. Many participants stated that monetary policy should be ready to respond to unexpected weakness in the economy.
#FedMeeting #FED'infaizkarari #FEDs #Binance #Bitcoin
