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October 16, 2023 05:51 GMT
Copy of MNI DATA FORECASTS: UK, Eurozone Inflation to Fore
October 16, 2023 02:12 GMT
MNI China Press Digest Oct 16: PBOC, Premier Li, GDP
Market News Topics
October 11, 2017 18:00 GMT
BULLET: FOMC MINUTES: Many participants saw another 2017 as..>
FOMC MINUTES: Many participants saw another 2017 rate hike as warranted
if conditions progressed as they expected, but all agreed that the
September 19-20 meeting was not the time. Several cited a need to be
more confident that the recent slowdown in inflation growth was
temporary, with "a few" going as far as to need actual evidence that
inflation was moving toward the 2% objective before even considering
another rate hike. They acknowledged that reaching that goal may take
longer than anticipated. Some saw room for further gains in labor
utilization and noted that hourly earnings growth was "subdued." Most
did not assume the impact of fiscal stimulus in their forecasts, or they
downgraded any impact. The said that the storms were likely to depress
growth and raise inflation in the near-term, but that they should have
little impact in the medium-term after rebuilding commences. Therefore,
they felt it was appropriate at the September meeting to announce its
securities reduction plan, which they believed the markets were prepared
for. See MNI main wire.
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