Friday, 20 July 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Fed Inflation Debate Finds Some Officials on Rate-Hike Fence
Thursday, 12 October 2017 01:19 WIB | FISCAL & MONETARY |Federal ReserveFOMCThe Fed

Federal Reserve officials held a detailed debate last month over whether forces holding inflation down were persistent or temporary, with several policy makers looking for stronger evidence of price gains before supporting a third interest-rate hike this year.

œMany participants expressed concern that the low inflation readings this year might reflect not only transitory factors, but also the influence of developments that could prove more persistent, according to minutes of the Sept. 19-20 meeting, released Wednesday in Washington.

Several policy makers said their decision on whether to raise rates this year œwould depend importantly on whether the economic data in coming months increased their confidence on inflation rising toward their 2 percent target.

At the meeting, the U.S. central bank left the target range for the federal funds rate unchanged while projecting another increase before the end of the year and announcing an October start for a gradual unwind of its $4.5 trillionbalance sheet. The minutes suggest that the forecast for another rate increase in 2017 is conditioned on economic data showing that the inflation target is within reach over the next couple of years.

œIt was noted that some patience in removing policy accommodation while assessing trends in inflation was warranted, the minutes said.

Before the release of the minutes, investors saw about a 78 percent probabilityof one more rate increase by the end of the year, according to pricing in fed funds futures markets. Fed officials have meetings scheduled on Oct. 31-Nov. 1 and Dec. 12- 13.

Source: Bloomberg

RELATED NEWS
Powell says more gradual interest-rate hikes is the 'best way forward''...
Tuesday, 17 July 2018 21:38 WIB

Ketua Federal Reserve Jerome Powell pada Selasa mengatakan berlanjutnya kenaikan suku bunga secara bertahap merupakan "jalan terbaik ke depannya" untuk kebijakan moneter. "Dengan pasar tenaga kerja ya...

RBA Sees Strong Growth Cutting Unemployment, Lifting Inflation...
Tuesday, 17 July 2018 09:26 WIB

Bank sentral Australia mengharapkan ekonomi yang menguat untuk secara bertahap mengurangi pengangguran dan mengangkat inflasi, menegaskan kembali tidak ada kasus yang kuat untuk langkah kebijakan jang...

Draghi Says Euro-Area Inflation Path Appears Self-Sustained...
Monday, 9 July 2018 21:14 WIB

Mario Draghi mengatakan peningkatan inflasi zona euro berada di jalur mandiri, memungkinkan Bank Sentral Eropa untuk menarik pembelian obligasinya meskipun meningkatkan tensi perang perdagangan global...

Fed minutes: Negative risks to economy from U.S. trade policy have intensified...
Friday, 6 July 2018 04:02 WIB

The Federal Reserve pada awal Juni melihat bahwa risiko negatif dari kebijakan perdagangan AS "telah meningkat" dan dapat memiliki efek negatif pada sentimen bisnis dan pengeluaran investasi, menurut ...

Australia Holds Key Rate as Currency Drop Offers Export Support...
Tuesday, 3 July 2018 12:52 WIB

Australia mempertahankan suku bunga utamanya tidak berubah pada rekor rendah pada Selasa karena penurunan mata uang baru-baru ini membantu perekonomian dengan menawarkan eksportir beberapa penyekatan ...

POPULAR NEWS
Gold books back-to-back loss to finish around 2018's lows

Gold prices on Monday fell for a second straight...

Gold aims to snap 2-session skid as dollar gauge sees muted action

Gold prices on Tuesday edged higher, attempting...

Gold prices down a third straight session to lowest finish in a year

Gold futures fell a third session in a row on...

LATEST NEWS
Dollar index turns negative after Trump say's he's not 'thrilled' with Feds' rate hikes

The U.S. dollar turned negative versus its main rivals on Thursday after President Donald Trump said he disagreed with the Federal Reserve's strategy to gradually hike interest rates. Trump told CNBC during an interview on Thursday that he isn't...

Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline...

Dow Threatens to Snap 5-Day Win Streak

U.S. stocks fell in midday trading on Thursday, as major indexes consolidated their gains after a five-day rally that was driven largely by optimism over the strength of corporate earnings. The Dow Jones Industrial Average was down 0.2%, or 61...