Inflation target of 2% may not stop the next Fed rate freeze
The Fed can stop raising rates before inflation reaches 2% if officials believe the economy's already heading there without another increase. September's meeting left most unconvinced, with strong spending and persistent price increases outweighing the strain expensive borrowing was putting on parts of the economy. The minutes released Oct. 7 explain the thinking behind that […] The post Inflation target of 2% may not stop the next Fed rate freeze appeared first on CryptoSlate.
Key Takeaways
- The Fed can stop raising rates before inflation reaches 2% if officials believe the economy's already heading there without another increase.
- September's meeting left most unconvinced, with strong spending and persistent price increases outweighing the strain expensive borrowing was putting on parts of the economy.
- The minutes released Oct.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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