(Finance) – The cost of money must remain restrictive for some time. The officials of the company arrived at this conclusion Federal Reserve during the FOMC monetary policy meeting which took place on 19 and 20 September.
There is agreement within the Fed that we must “proceed carefully” with rates.
At the September Federal Reserve meeting, “a majority of participants felt that an additional increase in federal funds rates would probably be appropriate at a future meeting, while some felt that it was likely that further increases would not be appropriate,” we read in the FOMC minutes. .
American central bankers – explains the document – believe that rates should remain at restrictive levels until “the board is confident that inflation is moving sustainably downwards towards target levels”.