Browsing: Interest rates

Newsbytes Fed minutes: Further rate increases anticipated

Federal Open Market Committee members anticipate that further increases in the federal funds rate will be necessary to bring down inflation to the committee’s 2% objective, according to minutes released today for the FOMC’s September meeting.

Newsbytes Mester sees FOMC raising rates above four percent

It will be necessary to raise the federal funds rate to “somewhat above 4%” by early next year and hold it there, predicted Loretta Mester, president of the Federal Reserve Bank of Cleveland, during a speech today.

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