Top news
Fed done hiking; slim majority of economists say no rate cut through March: Reuters poll
By Indradip Ghosh & Prerana Bhat
FOMC meeting minutes: Fed may hike interest rates again
By Bailey Schulz
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Formerly TwitterCharlie Bilello
charliebilello
Tomorrow's News Today...
BREAKING: THE FED HOLDS INTEREST RATES AT 5.25-5.50%, CITING FIRMER PRICE PRESSURES AND LOWER CONFIDENCE THAT INFLATION WILL MOVE DOWN TO THEIR 2% TARGET THIS YEAR.
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Jeanna Smialek
jeannasmialek
Not encouraging for the Fed: New York Fed 5-year inflation expectations ticked up to 3% from 2.8%.
UMich longer-term inflation expectations have also climbed a bit lately. Probably not enough to make officials freak out, but definitely something that they'll be keeping an eye…
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Nick Timiraos
NickTimiraos
The Fed's catch-22:
They don’t want to cut without more convincing evidence their policy stance is as restrictive as they think it is
But some are uneasy it will be too late to avoid an employment downturn by the time they see the evidence
No paywall: www.wsj.com/economy/central-banking/fed-meeting-interest-rate-preview-9eabab49?st=1h4dmxe93thf722&reflink=desktopwebshare_permalink
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Nick Timiraos
NickTimiraos
JPM and Citi scrapped their calls for a July rate cut after last Friday's jobs report.
Most sell-side economists and other professional Fed watchers now anticipate one or two rate cuts this year in either September or December pic.twitter.com/x9tUD06Pmi
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All coverage
Fed Minutes: Inflation Risk May Merit More Interest Rate Hikes
By Matthew Boesler
Fed officials see 'upside risks' to inflation possibly leading to more rate hikes, minutes show
By Jeff Cox
Fed officials divided in July over need for more rate hikes, minutes show
By Michael Derby & Howard Schneider