MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

Collective Wages Continue To Tick Higher

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Instant Answers For FOMC Minutes

FED
EM BulletHomepagemarkets-real-timeCreditEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

The FOMC noted disappointing readings on inflation over the first quarter and strong economic momentum and assessed it would take longer than previously anticipated for them to gain greater confidence that inflation was moving sustainably toward 2%, according to the minutes of the April 30-May 1 FOMC meeting published Wednesday. 

  • Did any participant mention the possibility of raising the fed funds rate? YES. "Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate." 
  • How many participants opposed the decision to begin tapering QT in June? Unclear. "Almost all participants" supported starting QT taper in June, but "a few participants indicated that they could have supported a continuation of the current pace of balance sheet runoff at this time or a slightly higher redemption cap on Treasury securities than was decided upon."
144 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The FOMC noted disappointing readings on inflation over the first quarter and strong economic momentum and assessed it would take longer than previously anticipated for them to gain greater confidence that inflation was moving sustainably toward 2%, according to the minutes of the April 30-May 1 FOMC meeting published Wednesday. 

  • Did any participant mention the possibility of raising the fed funds rate? YES. "Various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate." 
  • How many participants opposed the decision to begin tapering QT in June? Unclear. "Almost all participants" supported starting QT taper in June, but "a few participants indicated that they could have supported a continuation of the current pace of balance sheet runoff at this time or a slightly higher redemption cap on Treasury securities than was decided upon."