【Market Compass】Fed officials believe another rate hike is inevitable, but the minutes show no indication yet of when it might happen.
#FedMinutesFocusOnOctoberPause
According to the minutes released Wednesday, Fed officials expect to raise interest rates again before the end of the year to curb inflation, which has remained above target for more than five consecutive years.
But the minutes did not specify when policymakers expect to raise the benchmark interest rate, saying only that persistently rising prices and a stable labor market could lead to a second rate hike this year.$XAU 😇😇😇😇😀😀😀😀