Central Banks
Fed Minutes Show Unity on Cautious Approach to Future Rate Hikes
- Data to clarify progress on process of reducing inflation
- Officials agree Fed in position to ‘proceed carefully’
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Federal Reserve policymakers at their most recent meeting united around a strategy to “proceed carefully” on future interest-rate moves and base any further tightening on progress toward their inflation goal.
“All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based on the totality of incoming information,” according to minutes of the Oct. 31-Nov. 1 Federal Open Market Committee meeting released in Washington Tuesday.