Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
WASHINGTON (MNI) - The following is an excerpt from the Federal Open
Market Committee minutes of the September 25 - 26 meeting, published
Participants offered their views about how much additional policy
firming would likely be required for the Committee to sustainably
achieve its objectives of maximum employment and 2 percent inflation. A
few participants expected that policy would need to become modestly
restrictive for a time and a number judged that it would be necessary to
temporarily raise the federal funds rate above their assessments of its
longer-run level in order to reduce the risk of a sustained overshooting
of the Committees 2 percent inflation objective or the risk posed by
significant financial imbalances. A couple of participants indicated
that they would not favor adopting a restrictive policy stance in the
absence of clear signs of an overheating economy and rising inflation.
Participants reaffirmed that adjustments to the path for the policy
rate would depend on their assessments of the evolution of the economic
outlook and risks to the outlook relative to the Committees statutory
objectives. Many of them noted that future adjustments to the target
range for the federal funds rate will depend on the evaluation of
incoming information and its implications for the economic outlook. In
this context, estimates of the level of the neutral federal funds rate
would be only one among many factors that the Committee would consider
in making its policy decisions.
** MNI Washington Bureau: (202)371-2121 **