Inflation target of 2% may not stop the next Fed rate freeze
The Federal Reserve may halt interest rate increases before inflation reaches its 2% target if officials believe the economy is already heading there, according to minutes from September's meeting. Despite strong spending and persistent price increases, most officials were unconvinced at this point due to economic strain from expensive borrowing. The minutes explain the reasoning behind this stance. Original source: CryptoSlate.
The Federal Reserve may halt interest rate increases before inflation reaches its 2% target if officials believe the economy is already heading there, according to minutes from September's meeting. Despite strong spending and persistent price increases, most officials were unconvinced at this point due to economic strain from expensive borrowing. The minutes explain the reasoning behind this stance. Original source: CryptoSlate.
Sources
- CryptoSlate — Inflation target of 2% may not stop the next Fed rate freeze
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