( ) -q-22- UNDATED (Correspondent Jeremy House) “inflation was slowing.’” Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month. [CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3 Time: 22s Title: FED-MINUTES-house-q-THUam Out-cue: inflation was slowing] TAG: Correspondent Jeremy House reporting. The policymakers added that further evidence of declining inflation was needed to be sure it would […]
Audio
Fed officials signal cautious approach to rates amid heightened uncertainty
( ) -q-22- UNDATED (Correspondent Jeremy House) “inflation was slowing.'”
Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month.
[CutID: <Cuts> FED-MINUTES-house-q-THUam.mp3
Time: 22s
Title: FED-MINUTES-house-q-THUam
Out-cue: inflation was slowing]
TAG: Correspondent Jeremy House reporting. The policymakers added that further evidence of declining inflation was needed to be sure it would slow to the Fed’s 2% target.
—————————–
VERBATIM: According to the Fed’s latest minutes, officials said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate. Such cautious views are generally seen as evidence that the Fed isn’t necessarily inclined to raise rates in the near future. The minutes also said economic data from the past several months “generally suggested that inflation was slowing.”