(Finance) – Prices continue to increase at a moderate speed. This is stated by Federal Reserve In the Beige Bookthe report on the state of the economy that will form the basis for the American central bank’s next monetary policy decisions.
The speech is expected for tomorrow, October 19th Fed Chairman Jerome Powell with the market expecting rates to remain stable at the November meeting.
From the Fed Minutes of the latest monetary policy meeting of September 19-20 it emerged that FOMC officials were divided on the opportunity of a new increase in interest rates. But despite conflicting views on the need for further tightening of monetary policy, bankers agree that rates should remain high until inflation returns to 2%.
“The majority of participants felt that a further increase in the key Fed Funds rate at a future meeting would likely be appropriate, while some felt that no further increases would be warranted,” the minutes read.