Key Points
Even as they left rates unchanged, almost all officials said that additional increases would likely be appropriate, with most emphasizing that post-meeting communications would be essential to convey that message.AgenciesMost officials have pointed to the resilience of the US economy as an overall positive feature that has so far kept a recession at bay, but some elements of it such as the persistently strong labor market have also raised concern about how much time it will take to bring inflation down to the Fed's 2% goal...
Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favoured interest-rate increases but went along with the decision to leave policy unchanged...
The readout provides more clarity to Fed watchers, who were perplexed by the decision to leave rates unchanged in a 5% to 5.25% target range, while at the same time forecasting further increases later this year...
The Fed's decision last month was the latest slowdown in policy after officials lifted rates at the fastest clip in four decades last year, including four consecutive 75-basis-point hikes..
The meeting left some Fed watchers and investors confused about the central bank's direction, but in several public appearances since then, Chair Jerome Powell has emphasized that most of his colleagues on the policy-setting Federal Open Market Committee support more rate increases...
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