The highlighted points from the FOMC July meeting
Almost all participants at Fed's July 29–30 meeting viewed it as appropriate to maintain the benchmark interest rate in 4.25%–4.50% range
Participants also noted it would take time to have more clarity on the magnitude and persistence of higher tariffs’ effects on inflation
Participants assessed impact of tariffs had become more apparent in goods prices, but overall effects on economy, inflation remained to be seen
Some participants said it would not be feasible or appropriate to wait for complete clarity on the tariffs’ effects on inflation before adjusting monetary policy
Several participants said the current target range for the federal funds rate may not be far above its neutral level
A couple of participants highlighted the role of the standing repo facility in monetary policy implementation and expressed support for further study of central clearing of SRF
Fed staff’s real GDP projection for 2025 through 2027 was similar to the one prepared for the June meeting
Participants said consensus statement would be designed to be robust across a wide range of economic conditions
Participants noted that the policy committee was close to finalizing changes to the consensus statement as part of framework review
Fed staff said GDP projection for 2025 through 2027 was similar to the one prepared for June meeting
Participants said consensus statement would be designed to be robust across a wide range of economic conditions
Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about fomc meeting minutes it would take time to get clarity on tariffs upside risk to inflation was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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