Federal Reserve meeting notes: All participants considered it appropriate to keep the target rate unchanged.
Federal Reserve meeting notes: Some participants mentioned that potential changes in trade and immigration policies could impede the process of falling inflation.
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
Federal Reserve meeting notes: Staff believe US President-elect Trump's trade policies will lead to high inflation in 2025.
The market is about to usher in the last piece of the puzzle before the Federal Reserve meeting - CPI, how will the data affect the expectation of interest rate cuts? The big change in the situation in Syria over the weekend has shaken the main line of oil prices?
Some participants said easing could accelerate if the labor market weakens or economic activity falters.
Fed meeting notes: Staff noted that lowering the overnight reverse repo rate by five basis points would bring it in line with the bottom of the target range for the federal funds rate and could put some downward pressure on other money market rates.
Fed meeting notes showed that some participants thought downside risks to the job market and the economy had diminished. Participants expected a gradual shift to a more neutral stance, with almost all agreeing that the risks to achieving the dual-mandate objective were roughly balanced. Many participants thought the risks of an overly cooling job market had diminished since the September meeting.
Some participants said the Fed could pause easing and keep policy rates at restrictive levels if inflation remains high, Fed meeting notes showed. Easing could accelerate if the labor market weakens or economic activity falters. Many participants at the Fed's Nov. 6-7 meeting said uncertainty about the level of the neutral interest rate made it appropriate to gradually reduce policy restrictions.
Federal Reserve meeting notes: Some participants said they preferred a 25 basis point rate cut at the September meeting, while a few said they might support such a move. All officials supported a rate cut at the September meeting.