pcloudy.png
Monday September 16th, 2019 4:27PM

Fed officials split in July over inflation worries

By The Associated Press

WASHINGTON (AP) — Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons.

One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory.

The policy debate was revealed with release of the minutes of the Fed's July 25-26 meeting. Officials eventually made a unanimous decision to keep its key policy rate unchanged.

The minutes also showed that several Fed officials pushed for a July announcement that the Fed was ready to start reducing its massive bond holdings. Policymakers decided in the end to signal that it would come "relatively soon." Financial markets expect that announcement at next month's meeting.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Industries, AP Business - Financial Services
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Is it really Lyme? Researchers developing a new test to tell
Diagnosing if a tick bite caused Lyme or something else can be difficult but scientists are developing a new way to catch the disease early _ using a "signature" of molecules in patients' blood
2:04PM ( 9 minutes ago )
Under pressure, Trump disbands business advisory councils
President Donald Trump, pressured by corporate America over his response to the Charlottesville unrests, announced the end of a pair of advisory business councils.
1:54PM ( 19 minutes ago )
On a chaotic day in DC, Trump goes after Amazon, again
President Donald Trump is renewing his attacks on Amazon, and he says the company is "doing great damage to tax paying retailers."
1:47PM ( 26 minutes ago )
Associated Press (AP)
Neo-Nazi site sued for defamation, struggles to stay online
A federal lawsuit accuses the publisher of a notorious neo-Nazi website of defaming a Muslim-American radio host by falsely labeling him the "mastermind" behind a deadly bombing at a concert in England
1:32PM ( 41 minutes ago )
The Latest: Pence calls on Chile to break ties with NKorea
The Latest: Pence calls on Chile to break diplomatic, trade ties with North Korea
1:15PM ( 58 minutes ago )
US demands big NAFTA changes, setting stage for tough talks
US demands big changes to NAFTA, setting stage for tough talks with Canada, Mexico
1:15PM ( 59 minutes ago )
AP Business
Target says turnaround efforts are bringing shoppers back
Target, which is remodeling stores and bolstering its online operations, showed signs Wednesday that the moves are starting to win back shoppers.
10:53AM ( 3 hours ago )
Ryanair files complaint with EU after Air Berlin bankruptcy
Irish budget airline Ryanair has filed a complaint with European Union competition authorities after Air Berlin filed for bankruptcy protection and then got a 150 million euro ($177 million) government loan
10:08AM ( 4 hours ago )
US home construction slumped in July
US housing starts fell 4.8 percent in July as apartment construction plunged
8:41AM ( 5 hours ago )
AP Business - Economy
DHL, Ford unveil jointly made electric delivery van
Deutsche Post DHL Group and U.S. automaker Ford have unveiled a jointly manufactured electric delivery van amid growing demand for emission-free utility vehicles
12:01PM ( 2 hours ago )
UnitedHealth CEO to step down after run of more than decade
UnitedHealth Group will change leaders next month by promoting long-time executive David Wichmann to CEO to replace Stephen Hemsley, who has led the nation's largest health insurer since 2006
10:21AM ( 3 hours ago )
Report: Higher premiums if Trump halts 'Obamacare' subsidies
Congressional Budget Office: Higher premiums, fewer insurance options if Trump halts 'Obamacare' subsidies
4:15AM ( 9 hours ago )
AP Business - Industries
Top Fed official tells AP: Bond portfolio could shrink soon
NY Fed President Dudley indicates Fed will likely begin shrinking its bond portfolio soon
4:37PM ( 1 day ago )
Montana's Health Co-op remains standing as others falter
Montana's health care co-op resumes accepting new enrollees on Sunday after it voluntarily pulled itself from the state's insurance marketplace in December
11:01AM ( 4 days ago )
Billionaire suggests black senator worse than Ku Klux Klan
A billionaire hedge fund executive has apologized for an online post saying a black New York state senator has done "more damage to people of color than anyone who has ever donned a hood."
5:45PM ( 4 days ago )
AP Business - Financial Services
Is it really Lyme? Researchers developing a new test to tell
Diagnosing if a tick bite caused Lyme or something else can be difficult but scientists are developing a new way to catch the disease early _ using a "signature" of molecules in patients' blood
2:04PM ( 9 minutes ago )
Under pressure, Trump disbands business advisory councils
President Donald Trump, pressured by corporate America over his response to the Charlottesville unrests, announced the end of a pair of advisory business councils.
1:54PM ( 19 minutes ago )
On a chaotic day in DC, Trump goes after Amazon, again
President Donald Trump is renewing his attacks on Amazon, and he says the company is "doing great damage to tax paying retailers."
1:47PM ( 26 minutes ago )
The Latest: Pence trims time from his Latin America trip
The Latest: Pence trims time off his Latin America trip to attend Camp David meeting on Asia
1:43PM ( 30 minutes ago )
The Latest: Daily Stormer now has Russian domain name
The white supremacist website that demonized the woman killed while protesting a white nationalist rally in Charlottesville has found a new home: Russia
1:35PM ( 38 minutes ago )