Federal Reserve meeting minutes: Several officials said policy is not yet sufficiently restrictive

🟢 [Media report] Federal Reserve meeting minutes: Several officials said policy is not yet sufficiently restrictive

Summary:
The Federal Reserve meeting minutes show that several officials believe policy is not yet sufficiently restrictive, and that there has not been enough progress in lowering inflation over the past few months; officials generally expect inflation to remain elevated in the near term.

Content summary:

• Many participants said that, despite the recent rise in long-term Treasury yields, financial conditions still appear to support economic growth.
• A few participants noted that the U.S. Treasury market has been functioning smoothly, but stressed the importance of planning ahead for market stress.
• Officials said future data will determine the direction of interest rates; several officials said policy is not yet sufficiently restrictive.
• Several officials said the possibility of further tariffs increases inflation risks.

📊 Subject: Macro