The Federal Open Market Committee released the Minutes of the December 14-15 Meeting, spurring little action across the major assets. The US Dollar was little changed with the news, although US short-term interest-rate futures dropped.<\/p>\n\n\n\n
Key Quotes<\/strong><\/p>\n\n\n\n Most participants welcomed inflation easing in October and November but agreed it would take “substantially more evidence” of progress, to confirm the downward path.<\/p>\n\n\n\n Participants agreed that the central bank had made significant progress in moving to a sufficiently restrictive monetary policy stance in the previous year.<\/p>\n\n\n\n Most participants noted the upside risks to inflation remain a key factor in shaping the monetary policy outlook.<\/p>\n\n\n\n Some officials believe inflation risks could be more persistent, while a couple of officials think the risks are more balanced. Any of the FOMC voting members predicted that rate cuts would be necessary for 2023.<\/p>\n","protected":false},"excerpt":{"rendered":" The Federal Open Market Committee released the Minutes of the December 14-15 Meeting, spurring little action across the major assets. The US Dollar was little changed with the news, although US short-term interest-rate futures dropped. Key Quotes Most participants welcomed inflation easing in October and November but agreed it would take “substantially more evidence” of …<\/p>\n","protected":false},"author":13,"featured_media":33256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,7770,6987],"class_list":["post-77926","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-fomc-minutes","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=77926"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77926\/revisions"}],"predecessor-version":[{"id":77927,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77926\/revisions\/77927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33256"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}