World trade shrouded in smoke and obscurity.( KRT is also involved )
Fed minutes signal disagreement over future interest rate policy
At the end of October, the Fed lowered its key interest rate by a quarter of a percentage point by ten votes to two. The monetary policymakers were also divided with regard to the next meeting.
Washington. Opinions within the Federal Reserve are divided on the future interest rate course. This is evident from the minutes of the US Federal Reserve's meeting at the end of October, which were published on Wednesday. At that time, the central bank lowered the key interest rate by a quarter of a percentage point by ten votes to two
to a range of 3.75 to 4.00 per cent.
What was unusual was that one dissenting vote called for a tighter monetary policy and the other for a looser one. However, most participants noted that further interest rate cuts could increase the risk of inflation becoming entrenched, according to the minutes. Inflation has been above the Fed's two per cent target for four and a half years.
With a view to the next meeting in December, the monetary policymakers appeared to be divided into three camps. Some participants believed that a further cut in December would be appropriate.
Others considered lower interest rates to be appropriate in the long run, but not necessarily in December. However, many participants ruled out an interest rate cut in December. Fed Chairman Jerome Powell had dampened market expectations of a further cut after the interest rate decision at the end of October. An interest rate cut in December was not a foregone conclusion, Powell said at the time.
One thing is certain: these are times for buying, but only for those who are willing to take risks.
Catching a falling double-edged knife can be dangerous.
The air we breathe is becoming very thin.
Just my thoughts. No activity for anyone.
(XXXX)
Market Data 
Markets 
AI
