FOMC Minutes Say Slowing Rate Hikes ‘Almost’ Appropriate – Bloomberg

At the meeting of the Federal Open Market Committee (FOMC) on 1 and 2 November, officials decided that it would soon be appropriate to slow down the rate increase. This suggests that the Fed is leaning towards slowing the rate rise to 0.5 points at the December meeting.

“Most of the participants decided that slowing the pace of the increases would likely be appropriate in the near term,” said the minutes of the meeting, published Thursday.

At the same time, “various” officials concluded that “the final level of the Federal Funds (FF) rate needed to reach the Commission’s target is slightly higher than previous projections.”

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