✍️🔴Here are the key points from the minutes of the U.S. Federal Reserve meeting held in September:
📌The minutes of the Federal Open Market Committee meeting showed that all participants at the September 15–16 meeting supported raising interest rates by 25 basis points, and most believed another rate hike would likely be appropriate by the end of the year.
📍Participants stressed that inflation remains elevated, while the labor market appeared close to achieving full employment.
📌Participants viewed the risks to inflation as tilted to the upside, while some believed these risks had become more tilted to the upside in recent months.
📍Nearly all participants affirmed that the risks to inflation were tilted to the upside, while labor market risks were broadly balanced.
📌Some participants believed that the expansion of investment in artificial intelligence could cause aggregate demand to exceed supply over the medium term, putting upward pressure on inflation.
📍A few participants noted that the Treasury market was functioning smoothly, but emphasized the importance of being prepared to address market pressures.
📌Fed officials said that despite the recent increase in long-term Treasury yields, financial conditions appeared supportive of economic growth.
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📌The minutes of the Federal Open Market Committee meeting showed that all participants at the September 15–16 meeting supported raising interest rates by 25 basis points, and most believed another rate hike would likely be appropriate by the end of the year.
📍Participants stressed that inflation remains elevated, while the labor market appeared close to achieving full employment.
📌Participants viewed the risks to inflation as tilted to the upside, while some believed these risks had become more tilted to the upside in recent months.
📍Nearly all participants affirmed that the risks to inflation were tilted to the upside, while labor market risks were broadly balanced.
📌Some participants believed that the expansion of investment in artificial intelligence could cause aggregate demand to exceed supply over the medium term, putting upward pressure on inflation.
📍A few participants noted that the Treasury market was functioning smoothly, but emphasized the importance of being prepared to address market pressures.
📌Fed officials said that despite the recent increase in long-term Treasury yields, financial conditions appeared supportive of economic growth.
$BANK
$GTC
$TRUMP
#BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #SP500AndNasdaqHitRecordHighs