Economics
Fed Pushes Back Against Rate Cuts That Markets Continue to Seek
- Fed minutes show central bank settling in for a long hold
- Latest trade war escalation could raise prices and slow growth
Federal Reserve police officers stand outside the Marriner S. Eccles building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Federal Reserve officials are in no hurry to move interest rates up or down -- and an escalation in the U.S.-China trade war could keep them on hold even longer.
Investors see a rate cut by the end of the year, but minutes of the Fed’s last policy meeting released Wednesday showed officials expect patience on rates to be appropriate for “some time.” They also raised their growth outlooks and sided with Chairman Jerome Powell that recent softness in prices was temporary.