• FOMC Minutes: "Further gradual increases"

    12 days ago - By Calculated Risk

    Catching up... From the Fed: Minutes of the Federal Open Market Committee, November 7-8, 2018. A few excerpts:
    In their discussion of monetary policy, participants agreed that it would be appropriate to maintain the current target range for the federal funds rate at this meeting. Participants generally judged that the economy had been evolving about as they had anticipated, with economic activity rising at a strong rate, labor market conditions continuing to strengthen, and inflation running at or near the Committee's longer-run objective. Almost all participants reaffirmed the view that...
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