Guest
The Federal Reserve's July interest rate meeting minutes released on August 18th showed that most policymakers continued to prioritize the fight against inflation, with a few participating policymakers mentioning the risks to the economy if interest rates rise too high, and Fed Chairman Jerome Powell adding that the Fed could raise interest rates in September if the data supports it. In the 14 months since last March, the Fed has raised rates 11 times in a row, taking the % rate all the way to the rare height of %-5.5%. In the minutes of the May meeting, Fed officials discussed and agreed that inflation continues to be too high, core inflation is declining too slowly, and core non-housing inflation is basically unchanged, so rate hikes won't stop. June meeting minutes also showed that almost all Fed officials said they would tighten policy further.
