Fed minutes show officials split on best way to signal when first rate increase might occur
WASHINGTON - Federal Reserve officials had differing views on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that their monthly bond buying program will end in October.
Minutes of the Fed's June 17-18 meeting showed officials split between those who wanted to communicate that the Fed remains concerned that inflation is rising too slowly and those who were worried that the economy might rebound faster than currently expected.
In the end, the Fed statement stuck to the current guidance that rates will likely remain low for a "considerable time" after the bond purchases end.
On the bond purchases, Fed officials supported the view that the last reduction would likely total $15 billion in October.
Read more Business News
- Market welcomes liquor vendorsPenticton / S. Okanagan - 7:08 pm
- Crime and the newsVernon / N. Okanagan - 4:30 pm
- Tentative sale of Ric's GrillKelowna - 4:00 pm
- MV Okanagan gets hung upVernon / N. Okanagan - 3:00 pm
|QHR Technologies Inc||1.15||-0.02|
|Anavex Life Sciences||0.275||-0.005|
|Copper Mountain Mining||2.82||0.00|
|Sunrise Resources Ltd||0.05||+0.025|
|Mission Ready Services||0.19||+0.01|
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...