21 Hrs
Source:
الاقتصادية
Federal Reserve Faces Internal Divergence
Meeting minutes from the regional Federal Reserve banks' councils revealed that four out of twelve councils voted in favor of raising the emergency loan rate before the July meeting, prior to the Federal Reserve's decision to keep rates unchanged. The councils that supported the rate hike were from Dallas, Cleveland, Minneapolis, and Kansas City, each advocating for an increase of 25 basis points. Meanwhile, the decision to hold rates steady reflects internal disagreements over the trajectory of monetary policy amid ongoing inflation pressures and risks of economic slowdown, with the interest rate remaining within the range of 3.5% to 3.75%. These councils do not directly set the final interest rate but play a role in shaping economic expectations and policy assessments, with the ultimate decision resting with the Federal Reserve Board of Governors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)