Economics
Fed Minutes in Focus for Clues on Repo Plans, Rate-Hold Resolve
- FOMC likely discussed balance-sheet policy in December meeting
- Financial stability may be an issue amid surging stock prices
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The Federal Reserve may drop a hint on plans for the repo market in minutes of its December meeting, plus what it would take to shift the view among officials that interest rates are on hold all year.
The closely scrutinized description of the Dec. 10-11 gathering will be released at 2 p.m. in Washington on Friday. Thirteen of 17 officials forecast rates would be unchanged through the 2020 U.S. presidential election year, according to updated economic projections issued at the time, with four penciling in a quarter-point increase. No one forecasts a rate cut through the end of 2022.