- Analytics
- News and Tools
- Market News
- FOMC’s December minutes: the Fed is unlikely to hike its interest rate before April
FOMC’s December minutes: the Fed is unlikely to hike its interest rate before April
The Fed released minutes of its December 16-17 meeting on Wednesday. Investors had expected to get insight into when the Fed will start to hike its interest rate. Minutes showed that the Fed is unlikely to hike its interest rate before April.
Analysts expect the first interest rate hike by the Fed in the mid-2015.
The Fed policymakers said that the Fed could start to hike its interest rate before inflation will pick up. But they added that "they would want to be reasonably confident that inflation will move" back toward the Fed's 2% inflation target.
The Fed's preferred gauge, the personal consumption expenditures price index (PCE), increased at annual rate of 1.2% in November. The PCE price index excluding food and energy costs rose 1.4%.
Many Fed officials think a global economic slowdown is "an important source of downside risks to domestic real activity and employment".
The net effect of falling oil prices was "anticipated to be positive", the officials said. They believe that falling oil prices won't impact their decision on interest rate hike.
Most Fed officials agreed that "it will be appropriate to raise the target federal funds rate fairly gradually".
© 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
