Fed Officials Favor Caution Amid Inflation Concerns
TL;DR Summary
Federal Reserve policymakers are maintaining a wait-and-see approach due to concerns that the disinflation process may take longer than expected. Despite recent data showing a slowdown in inflation, the Fed remains cautious and is prepared to keep its restrictive policy stance if inflation does not move towards the 2% target. The central bank has kept its benchmark rate unchanged, and the odds of a rate cut in September are around 50%.
- Fed members back wait and see approach on worries of stalling disinflation Investing.com
- Federal Reserve minutes indicate worries over lack of progress on inflation CNBC
- The Fed is signaling that it’s not worried about inflation picking up. Wall Street is still on edge CNN
- Many Fed officials uncertain high interest rates are doing enough to crush inflation Axios
- Fed Minutes Show Officials Rally Around Higher-for-Longer Rates Bloomberg
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
80%
363 → 71 words
Want the full story? Read the original article
Read on Investing.com