Fed minutes

The S&P 500 extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance ...

In New York, the blue-chip S&P 500 index lost 0.2 per cent and the tech-heavy Nasdaq Composite gained 0.1 per cent, paring earlier gains from before the release ...

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Federal Reserve officials believed that they needed to do more to slow the economy and wrestle painfully rapid inflation back under control as of their ...

[several factors playing out](https://www.nytimes.com/2023/02/09/business/economy/fed-economy-recession-rebound.html) in early 2023 suggest that the economy retains substantial strength. Among them, many global central banks have raised interest rates, and the United States could be vulnerable to tipping into an outright recession after a period of more subdued growth. 1 meeting, officials saw several reasons that inflation might remain too high: China’s reopening from coronavirus lockdowns could add to demand, Russia’s war in Ukraine could cause supply disruptions, and the labor market might stay strong for longer than expected, according to the minutes. Yet the 1970s taught central bankers that allowing inflation to remain high for a long time without decisively acting to bring it under control is also a painful error. And key policymakers have been clear that if the economy fails to slow as expected, they will do more to make sure momentum cools. As those transactions stall, the aftershocks trickle through the economy, slowing not just the housing and automobile markets but also the labor market and retail and services spending as a whole. A release on Friday is expected to show that the Fed’s preferred inflation indicator climbed rapidly on a monthly basis in January, and that consumption grew at a solid pace. Officials signaled in December that they might need to raise rates above 5 percent this year, but those estimates have been That creates a challenge for Fed officials, who had been hoping that their policy changes last year would slowly but steadily weigh on the economy, cooling demand and forcing companies to stop raising prices so quickly. It is typically expressed as the annual change in prices for everyday goods and services such as food, furniture, apparel, transportation and toys. “A number of participants observed that a policy stance that proved to be insufficiently restrictive could halt recent progress in moderating inflationary pressures.” In the weeks since the Fed last met, inflation data have exhibited

WASHINGTON—Federal Reserve officials are signaling that a resilient U.S. economy could lead them to raise interest rates somewhat higher than they had ...

Changes to the anticipated trajectory of rates, and not just what the Fed does at any meeting, can influence [broader financial conditions](https://www.wsj.com/articles/rising-bond-yields-rattle-2023-stock-rally-516b5ddc?mod=article_inline). [agreed to slow rate increases](https://www.wsj.com/articles/fed-approves-quarter-point-rate-hike-signals-more-increases-likely-11675278190?mod=article_inline) by lifting their benchmark federal-funds rate by a [quarter-percentage point](https://www.wsj.com/articles/feds-barkin-supports-measured-pace-of-interest-rate-increases-1ca6425b?mod=article_inline), following larger moves of a half point in December and 0.75 point in November. The average 30-year fixed mortgage rate, for example, jumped from 4% one year ago to 7% in November. [retail spending surged](https://www.wsj.com/articles/us-economy-retail-sales-january-2023-b59cb036?mod=article_inline) in January. But stronger growth has led investors to radically rethink the policy outlook for the coming year. Economic growth also [has rebounded in Europe](https://www.wsj.com/articles/europes-economy-picks-up-after-year-of-war-in-ukraine-26389fba?mod=article_inline), further easing worries of a global recession this year. Since November, anticipation of a milder interest-rate path led financial conditions to ease somewhat after tightening substantially last year. Fed staff economists at the recent meeting reduced their projection for inflation this year because they forecast slower growth. “That theory, to me, requires more confidence in understanding” the effectiveness of tighter rate policy “than I have,” he said. Several Wall Street forecasters expect it to show that core prices, which exclude volatile food and energy prices, rose a sturdy 0.5% in January from a month earlier. The 12-month “I don’t see much merit in delaying our approach to that level” of around 5.4%, said Mr.

The official record of the central bank's latest policy meeting gives a look into its decision to slow the pace of rate increases.

[benchmark interest rate](https://www.barrons.com/livecoverage/stock-market-today-020123/card/stock-futures-edge-down-on-fed-decision-day-qarP0Rz1ViqvF4F4p3KP?mod=article_inline) by 0.25 percentage point, to a target range of 4.50% to 4.75%, at its most recent Jan. Markets rallied after the meeting, as traders predicted a coming end to the Fed’s tightening campaign. The move followed six consecutive larger increases of 0.50 or 0.75 percentage point.

Fed officials want to see more proof of easing inflation to make sure prices are on falling trend, meeting minutes show - Anadolu Agency.

[Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. The 10-year US Treasury yield, meanwhile, fell 0.95% to 3.916%. The S&P 500 fell 6.29 points, or 0.16%, to 3,991.05. 1 when the central bank raised its benchmark interest rate 25 basis points. The Nasdaq, on the other hand, added 14.77 points, or 0.13%, to close at 11,507.07. The Dow Jones Industrial Average was down 84.50 points, or 0.26%, to finish the day at 33,045.09.

U.S. Treasury yields fell on Wednesday as investors weighed the Federal Reserve's latest meeting minutes.

The [2-year Treasury](/quotes/US2Y/) yield was last trading at around 4.691%, down more than 1 basis point. You'll know when you're there when the next move could be up or down," he added. That's about in line with market pricing. [Squawk Box](https://www.cnbc.com/squawk-box-us/)" interview. [reiterating in a CNBC interview Wednesday](https://www.cnbc.com/2023/02/22/feds-james-bullard-pushes-for-faster-rate-hikes-sees-good-shot-at-beating-inflation.html) that he thinks the peak, or terminal, rate should be around 5.375%. [Federal Reserve's latest meeting minutes](https://www.cnbc.com/2023/02/22/fed-minutes-february-2023-minutes-show-fed-members-resolved-to-keep-fighting-inflation.html).

Shifting interest-rate expectations have put pressure on stock and bond prices recently.

[Walmart promo code 2023 - $20 off $50](https://www.wsj.com/coupons/walmart) [Kohl's Coupon 30% Off sitewide](https://www.wsj.com/coupons/kohls) [Wayfair coupon $20 off](https://www.wsj.com/coupons/wayfair) Plus, 60% off clearance with American Eagle promo code](https://www.wsj.com/coupons/american-eagle-outfitters) [TurboTax service code 2023 - $20 off](https://www.wsj.com/coupons/turbotax) The Dow Jones Industrial Average lost 84.50 points, or 0.3%, to 33045.09.

Federal Reserve officials continued to anticipate further increases in borrowing costs would be necessary to bring inflation down to their 2% target when ...

The Federal Open Market Committee, or FOMC, had opted to raise its benchmark interest rate by 0.25 percentage point at its most recent meeting. Citi economist ...

standard, was down 0.04% at $74.28 a barrel on Wednesday.\n\nEnergy stocks rallied, with oil and natural gas companies such as EQT (ticker: EQT) taking the top spot in the S&P 500. After the close, investors will get results from Nvidia (NVDA) and Etsy (ETSY).\n\nIn international markets, New Zealand central bank lifted rates by a half-point to 4.75% and expects to keep tightening further. The current rate stands at 4.50% to 4.75%.\n\nBond yields slipped and oil prices fell Wednesday as sentiment across a range of asset classes has shifted to account for expectations of higher interest rates. Technology company Keysight Technologies (KEYS) fell 13% and was the worst performer in the S&P 500 Wednesday. The Federal Open Market Committee, or FOMC, had opted to raise its benchmark interest rate by 0.25 percentage point at its most recent meeting.\n\nCiti economist Veronica Clark noted that the Fed minutes had no discussions on the conditions “for a possible pause in hikes, reaffirming current market pricing.”\n\nFor now, markets have priced in two more 25-basis-point rate hikes for 2023, with a possibility of a third at the June meeting, according to the CME FedWatch Tool. Several officials saw a slowdown in the federal-funds rate as inflation cools.\n\nMany participants observed that a further slowing would “better allow them to assess the economy’s progress toward the Committee’s goals of maximum employment and price stability,” the release read. gross domestic product in the fourth quarter comes out Thursday and the personal-consumption expenditures (PCE) is due Friday. Bullard is not a voting member of the interest-rate committee this year.\n\n“If he thinks we only have a little ways to go here, the peak in rates might be properly priced in,” said Edward Moya, senior market analyst at brokerage OANDA, crediting Bullard’s comments for the move up in equities Wednesday morning. 1 Federal Open Market Committee (FOMC) meeting were released Wednesday and provided further clarity on the endgame for interest-rate hikes. The purchasing managers’ indexes added to the narrative that the U.S. The Fed has so far this year beaten the drum on moderating inflation pressures, but not wanting to surrender in their battle with inflation.\n\nMorgan Stanley economist Ellen Zentner saw the report as fairly balanced, and suggested watching incoming data. And the Nasdaq Composite rose 0.1%.\n\nStocks have had a challenging week, with indexes posting largest year-to-date declines Tuesday, thanks to recent robust economic data.