October 09, 2024 at 07:01PM
“Substantial majority” supported 50bp cut
Committee gained “greater confidence” inflation moving sustainably toward 2% goal
Risks to employment and inflation goals now seen as “roughly in balance”
Economic activity expanding at “solid pace”, job gains slowed but unemployment remains low
Inflation made “further progress” but still “somewhat elevated”
Most participants see balanced risks to inflation outlook
Some members would have preferred 25bp cut, citing still-elevated inflation and solid growth
Bowman dissented, preferring 25bp cut due to core inflation well above target
Members anticipate moving toward more neutral policy stance over time if data evolves as expected
Committee will “carefully assess” data for additional rate adjustments
This article was written by Adam Button at www.forexlive.com.
Chinese (Simplified)
Czech
English
French
German
Norwegian
Polish
Portuguese
Swedish