- Analytics
- News and Tools
- Market News
- US: Aug 9 FOMC minutes
US: Aug 9 FOMC minutes
"Uncertainty surrounding the outlook" rose appreciably and recognized "increase in the downside risks" to growth. FOMC discussed "range of policy tools available to promote a stronger econ recovery" incl forward guidance, more asset buys, increase avg mat'y of holdings, reduce IOER. Some said no tools would likely do much and would risk boosting inflation. Agreed on 2 days for Sept FOMC to discuss. Most thought mon-pol "could contribute importantly to better outcomes"; some saw add'l accommodation needed because unemployment rate is high. Forward guidance seen as "measured response" but a few wanted a more substantial move and accepted the stronger guidance as step in that direction. "Three members dissented because they preferred to retain the forward guidance language employed in the June statement." Rejected conditioning FF rate on explicit numerical values for unemployment or inflation, with arguments on both sides. Most said conditional FF expectation thru mid-2013 provided useful guidance; some noted this did not remove flexibility to adjust later.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
