Some FOMC members still see ‘considerable’ risks to inflation forecasts
Rate rise decision was a ‘close call’ in the view of some FOMC members
The decision to raise interest rates at the Federal Open Market Committee (FOMC) meeting in December was a "close call" for some of its members, according to minutes released today (January 7). Notably, for some members, "the risks attending their inflation forecasts remained considerable".
"Nearly all participants" in the FOMC meeting, which was attended by 16 governors and presidents, while only 10 are officially members, were "reasonably confident" US inflation would reach 2% in the medium
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