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EMERGING MARKETS: FOMC Signals Further Gradual Rate Cuts: Minutes

EMERGING MARKETS
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • (MNI) – Federal Reserve officials agree they have room to continue reducing interest rates but should do so gradually given uncertainty surrounding the neutral rate, minutes from the central bank's November meeting showed Tuesday.
  • "Participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2% and the economy remaining near maximum employment, it would likely be appropriate to move gradually toward a more neutral stance of policy over time," the minutes said.
  • "Many participants observed that uncertainties concerning the level of the neutral rate of interest complicated the assessment of the degree of restrictiveness of monetary policy and, in their view, made it appropriate to reduce policy restraint gradually."
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  • (MNI) – Federal Reserve officials agree they have room to continue reducing interest rates but should do so gradually given uncertainty surrounding the neutral rate, minutes from the central bank's November meeting showed Tuesday.
  • "Participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2% and the economy remaining near maximum employment, it would likely be appropriate to move gradually toward a more neutral stance of policy over time," the minutes said.
  • "Many participants observed that uncertainties concerning the level of the neutral rate of interest complicated the assessment of the degree of restrictiveness of monetary policy and, in their view, made it appropriate to reduce policy restraint gradually."