Some US Federal Reserve officials backed rate hike in June, minutes show
Wednesday, 5 July 2023 Minutes from the meeting published by the Fed on Wednesday show some FOMC members went into the meeting on June 13-14 favoring another quarter percentage-point hike to bring inflation back down towards the committee's long-term target of two percent.
Key Inflation Rate , Hits Lowest Annual Level , in Almost 2 Years.
CNBC reports that inflation continued
to show signs of cooling in June,
in line with Dow Jones estimates.
CNBC reports that..
Credit: Wibbitz Top Stories Duration: 01:31Published
Mortgage Rates Inch Lower , Ahead of the Fed's Next , Expected Rate Hike.
The average cost of a long-term
mortgage in the United States has
slipped to its lowest level in four weeks. .
'The..
Credit: Wibbitz Top Stories Duration: 01:31Published
Fed Expected to , Continue Raising Rates , Despite Inflation Easing.
In June, inflation in the United States hit 3%,
the lowest it has reached since March 2021. .
NPR reports that the news could be..
Credit: Wibbitz Top Stories Duration: 01:31Published
While "some participants" wanted to move ahead with a rate hike in June because progress in cooling inflation had been slow, "almost all participants judged it... IndiaTimes
Wednesday, 5 July 2023
![Key Inflation Rate Hits Lowest Annual Level in Almost 2 Years [Video]](https://video.newsserve.net/300/v/20230728/1355935540-Key-Inflation-Rate-Hits-Lowest-Annual-Level-in.jpg)
![Mortgage Rates Inch Lower Ahead of the Fed's Next Expected Rate Hike [Video]](https://video.newsserve.net/300/v/20230720/1355629093-Mortgage-Rates-Inch-Lower-Ahead-of-the-Fed.jpg)
![Fed Expected to Continue Raising Rates Despite Inflation Easing [Video]](https://video.newsserve.net/300/v/20230712/1355294028-Fed-Expected-to-Continue-Raising-Rates-Despite-Inflation.jpg)
