Fed considered revising pledge of further gradual rate hikes

WASHINGTON, D. C. — Federal Reserve officials earlier this month discussed revising their pledge for “further gradual” increases in U.S. interest rates, adding to signs that a slowing economy and rough financial markets may prompt the central bank to pause in its three-year campaign to raise borrowing costs, reported The Street.

The discussions were revealed in minutes from the Fed’s meeting on Nov. 7 and 8, released Thursday on the Fed’s website.

While almost all participants at the meeting “reaffirmed the view that further gradual increases” were still warranted, some officials noted that such language would need to be revised at coming meetings, due to concern that a continued push might “unduly slow the expansion of economic activity.”

Read the full article at The Street.

Ronnie Wendt

Ronnie Wendt

Ronnie Wendt has been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year. She is the owner of In Good Company Communications and can be reached at ingoodcompanycommunications@gmail.com.

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