{"id":535194,"date":"2023-01-04T22:31:35","date_gmt":"2023-01-04T19:31:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-officials-agreed-on-smaller-december-rate-hike-minutes\/"},"modified":"2023-01-04T22:31:35","modified_gmt":"2023-01-04T19:31:35","slug":"fed-officials-agreed-on-smaller-december-rate-hike-minutes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-officials-agreed-on-smaller-december-rate-hike-minutes\/","title":{"rendered":"#Fed officials agreed on smaller December rate hike: minutes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b01ee16fe6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b01ee16fe6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-officials-agreed-on-smaller-december-rate-hike-minutes\/#%E2%80%9CFed_officials_agreed_on_smaller_December_rate_hike_minutes%E2%80%9D\" >&#8220;Fed officials agreed on smaller December rate hike: minutes&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFed_officials_agreed_on_smaller_December_rate_hike_minutes%E2%80%9D\"><\/span>&#8220;Fed officials agreed on smaller December rate hike: minutes&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>All officials at the\u00a0Federal Reserve\u2019s Dec. 13-14 policy meeting agreed the central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth.<\/p>\n<p>The minutes of the meeting, which were released on Wednesday, showed Chairman Jerome Powell and policymakers still focused on controlling the pace of price increases that threatened to run hotter than anticipated, and worried about any \u201cmisperception\u201d in financial markets that their commitment to fighting inflation was in any way flagging.<\/p>\n<p>But officials also acknowledged they had made \u201csignificant progress\u201d over the past year in raising rates enough to bring inflation down. As a result, the central bank now needed to balance its fight against rising prices with the risks of slowing the economy too much and \u201cpotentially placing the largest burdens on the most vulnerable groups\u201d through higher-than-necessary unemployment.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/inflation-shoppers.jpg?w=1024\" alt=\"Holiday shoppers\" class=\"wp-image-25235979\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/inflation-shoppers.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/inflation-shoppers.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/inflation-shoppers.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The minutes showed policymakers still focused on controlling the pace of price increases that threatened to run hotter than anticipated.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>\u201cMost participants emphasized the need to retain flexibility and optionality when moving policy to a more restrictive stance,\u201d the minutes said, indicating officials may be prepared to scale back to quarter-percentage-point increases as of the Jan. 31-Feb. 1 meeting, but also remained open to an even higher than anticipated \u201cterminal\u201d rate if high inflation persists.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Indeed, the minutes put a premium on explaining that the decision to move to smaller rate increases should not be construed by investors or the public at large as a weakening of its commitment to bring inflation back to the central bank\u2019s 2% target.<\/p>\n<p>\u201cParticipants reaffirmed their strong commitment to returning inflation to the (Federal Open Market) Committee\u2019s 2% objective,\u201d the minutes said. \u201cA number of participants emphasized that it would be important to clearly communicate that a slowing in the pace of rate increases was not an indication of any weakening of the Committee\u2019s resolve to achieve its price stability goal.\u201d<\/p>\n<p>Policymakers <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved a half-percentage-point point rate increase at last month\u2019s meeting, a step back from the three-quarters-of-a-percentage-point hikes used through much of 2022.<\/p>\n<p>\u201cNo participants anticipated that it would be appropriate to begin reducing the\u00a0federal funds rate target in 2023,\u201d the minutes said.<\/p>\n<p>Still, \u201cmany participants highlighted\u201d that the\u00a0Fed\u00a0was now balancing dual risks \u2013 of faster-than-expected inflation on one side versus the possibility of a policy overshoot that \u201ccould end up being more restrictive than necessary.\u201d<\/p>\n<p>\u201cA slowing in the pace of rate increases at this meeting would better allow the Committee to assess the economy\u2019s progress \u2026 as monetary policy approached a stance that was sufficiently restrictive.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2023\/01\/04\/fed-officials-agreed-on-smaller-december-rate-hike-minutes\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Fed officials agreed on smaller December rate hike: minutes&#8221; All officials at the\u00a0Federal Reserve\u2019s Dec. 13-14 policy meeting agreed the central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":535195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2023\/01\/powell-fed-comp.jpg?quality=75&strip=all&1672841796&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[137985,5069,70550,70551,70552,78738],"class_list":["post-535194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-4-23","tag-economy","tag-federal-reserve","tag-inflation","tag-interest-rates","tag-jerome-powell"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=535194"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/535194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/535195"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=535194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=535194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=535194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}