July 21, 2024

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Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates

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Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates
Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold RatesAccording to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At the June 11-12 meeting, the FOMC highlighted that although inflation has […]