Federal Reserve officials said last month that the pace of future interest rate rises would depend on forthcoming data, and that controlling rates will take some time , some saw the need to keep interest rates at a “sufficiently restrictive level”.Inflation,According to the minutes of the sessionon July 26-27.
Session participants noted that it may take longer than expected for inflation to subside, and that a slowdown in aggregate demand designed by central banks "will play an important role in reducing inflationary pressures." fulfill," he said. Released Wednesday.
Minutes are Fed Officials , at its next meeting on Sept. 20-21, favor either a smaller rate hike of 0.5 percentage points or a third consecutive 75 basis point rate hike, but inflation and broader economic developments will push interest rates forward. It is a restatement of pushing up. decision.
The Fed has raised its overnight rate benchmark to a target range of 2.25% to 2.50% this year as part of its effort to contain inflation. , which has hovered at his 40-year high and more than tripled his 2% target, according to the Fed's recommended metric.
The central bank is widely expected to raise rates by 50 or 75 basis points next month.
For the Fed to cut rate hikes , the inflation report due by the next meeting will confirm the pace The range of price increases that may be necessary is on the decline.