Arab Today, arab today fed officials debated changing rate hike signal
Last Updated : GMT 17:22:12
Arab Today, arab today
Arab Today, arab today

Fed officials debated changing rate hike signal

Arab Today, arab today

Arab Today, arab today Fed officials debated changing rate hike signal

Federal Reserve policy makers debated changing their signal on the timing of an interest rate hike
Washington - AFP

Federal Reserve policy makers debated changing their signal on the timing of an interest rate hike, and worried about the strong dollar, minutes of their last meeting showed Wednesday.
"The concern was raised that the reference to 'considerable time' in the current forward guidance could be misunderstood as a commitment rather than as data dependent," the minutes of the July 29-30 meeting of the Federal Open Market Committee said.
However, participants noted that the current formulation of the FOMC's outlook "clearly indicated" that the committee's policy decisions were conditional on its ongoing assessment of progress and expected progress toward the central bank's dual mandate of maximum employment and 2.0 percent inflation.
The FOMC kept the language in its post-meeting statement and Fed Chair Janet Yellen, in a news conference, emphasized that a rate hike would be data-dependent, tamping down her earlier comment that it could come about "six months" after the Fed ends its asset-purchase program, expected after the next FOMC meeting in late October.
Some meeting participants saw the current forward guidance as appropriate in terms of risk-management considerations, "which suggested that it would be prudent to err on the side of patience while awaiting further evidence of sustained progress toward the Committee's goals."In the view of those officials, under current conditions raising rates could have greater downside shocks to the economy, as it makes a modest recovery, than boost it, the minutes said, because "it would be less problematic to remove accommodation quickly, if doing so becomes necessary, than to add accommodation."
One of the factors for the dovish view were concerns about the stronger dollar amid stuttering economic growth in the eurozone and weaker growth in China and Japan. The greenback in particular had firmed against the euro, the yen and the British pound.
"Some participants expressed concern that the persistent shortfall of economic growth and inflation in the euro area could lead to a further appreciation of the dollar and have adverse effects on the US external sector."
"Several" of them added "that slower economic growth in China or Japan or unanticipated events in the Middle East or Ukraine might pose a similar risk."

arabstoday
arabstoday

GMT 14:52 2017 Thursday ,19 October

South Korea raises growth outlook

GMT 14:43 2017 Thursday ,19 October

China's economic growth slows in Q3

GMT 13:30 2017 Thursday ,19 October

NAFTA talks deadlock: the main sticking points

GMT 13:24 2017 Thursday ,19 October

Cognac craze in US, China prompts Hennessy expansion

GMT 12:30 2017 Thursday ,19 October

Swiss 'tax spy' ready to confess in German trial

GMT 12:24 2017 Thursday ,19 October

Juice bottler Refresco in talks with French investor

GMT 22:28 2017 Wednesday ,18 October

Bahrain signs $3.8bn deal for F-16 jets
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fed officials debated changing rate hike signal Arab Today, arab today fed officials debated changing rate hike signal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fed officials debated changing rate hike signal Arab Today, arab today fed officials debated changing rate hike signal

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday