The Fed remains concerned about the lack of progress on inflation (minutes)

The Fed remains concerned about the lack of progress on inflation (minutes)
The Fed remains concerned about the lack of progress on inflation (minutes)

As part of the report of its last monetary policy meeting, that of April 30 and May 1, the members of the American Federal Reserve highlighted the lack of progress in reducing inflation towards the objective of 2%. The meeting thus logically resulted in a new status quo, with the Fed funds rate remaining in the range of 5.25 to 5.50%, a 23-year high.

More worrying for equity investors, who are awaiting a first easing movement from the central bank, these minutes also indicate that “ several members mentioned their willingness to tighten monetary policy further if inflation risks materialize such that such action becomes appropriate “. In the first quarter, consumer prices rose above expectations in the United States, proof of the very “tenacious” nature of inflation.

” LMembers observed that although inflation has eased over the past year, there has been a lack of progress in recent months towards the committee’s 2% target, can we read in the Fed minutes. Recent monthly data showed significant increases in the price inflation components of goods and services. »

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