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Fed meeting minutes: Most officials believe another rate increase is appropriate

The minutes of the Federal Reserve meeting showed that most Fed officials believed that another interest rate hike was appropriate. The vast majority of participants continued to believe that the future trend of the economy was "highly uncertain".

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  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts
  • Fed Governor Bowman: Be cautious about rate cuts

    Federal Reserve Governor Bowman said there are upside risks to inflation and the continued strength of the labor market, indicating that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June was welcome, but inflation is still above the committee's 2% target, which is disturbing. I will remain cautious when considering adjusting the current policy stance. She also said that U.S. fiscal policy, the pressure on the real estate market from immigration, and geopolitical risks may all put upward pressure on housing prices, and the recent jump in the unemployment rate to 4.3% may exaggerate the extent of the cooling of the labor market.