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Fed gave no indication of possible rate cuts at last meeting, minutes show
Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday. The summary of the meeting, held Oct. 31-Nov. 1, showed that Federal Open Market Committee members still worry that inflation could be stubborn or move higher, and that more may need to be done. At the least, they said policy will need to stay “restrictive” until data shows inflation on a convincing trek back to the central bank’s 2 percent goal. “In discussing the policy outlook, participants ... (full story)
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