{"id":1686896,"date":"2022-10-12T15:06:37","date_gmt":"2022-10-12T19:06:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1686896"},"modified":"2022-10-12T15:06:47","modified_gmt":"2022-10-12T19:06:47","slug":"sept-fomc-showed-agreement-on-higher-rates-for-longer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sept-fomc-showed-agreement-on-higher-rates-for-longer\/","title":{"rendered":"Sept FOMC showed agreement on higher rates for longer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsept-fomc-showed-agreement-on-higher-rates-for-longer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1686896&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>NEW YORK (Reuters) \u2013     Federal Reserve policymakers agreed they needed to move to a more restrictive policy stance \u2013 and then maintain that for some time \u2013 in order to meet the U.S. central bank\u2019s goal of lowering inflation, a readout of last month\u2019s two-day meeting showed on Wednesday.<\/p>\n<p>The minutes of the Sept. 20-21 meeting showed many Fed officials \u201cemphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.\u201d<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Many officials said they had raised their assessments of the path of interest rate increases that would likely be needed to achieve the committee\u2019s goals. <\/p>\n<p>STORY:<\/p>\n<p>MARKET REACTION:<\/p>\n<p>STOCKS: S&#038;P 500 extended a slight gain and was up 0.15%, to 3,594.34 BONDS:  U.S. Treasury 10-year yield eased price was last up 11\/32 to yield 3.8962%, down from 3.939% late on Thursday.FOREX:  The dollar index turned 0.141% lower<\/p>\n<p>COMMENTS:<\/p>\n<p>CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE, NC<\/p>\n<p>\u00a0\u00a0\u00a0 \u201cFor the most part there\u2019s nothing to earth shattering in the Fed minutes. The fact they\u2019re saying that there is more of a risk doing too little than doing to much maybe reinforces the idea that they\u2019re more likely to continue to raise rates at a quick pace.\u201d<\/p>\n<p>\u00a0\u00a0\u00a0 \u201cThere were some members talking about calibrating their response. That could mean the Fed is aware that if they raise rates too quickly that could cause a lot of economic damage. They\u2019ve been talking about how they\u2019re willing to risk a recession in order to bring inflation back under control but its possible that as the recession risks increase they may lose their nerve a little bit.\u201d<\/p>\n<p>\u00a0\u00a0\u00a0 \u201cThe market is looking ahead to the CPI release tomorrow. There\u2019s still some bulls out there hoping that if there\u2019s a slowing of inflation it will give the Fed some reason to slow down the rate increases or potentially pause them.\u201d<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 \u201cThe bulls are hopeful inflation will start cooling more quickly than expected and the Fed won\u2019t go as high as some people fear. The bears believe the fed is going to continue to go higher, raise rates to a pretty high level and keep them there for an extended period of time and cause a recession, potentially a bad one.\u201d<\/p>\n<p> (Compiled by the Global Finance &#038; Markets Breaking News team)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/sept-fomc-showed-agreement\/attachment\/file-photo-the-u-s-federal-reserve-building-is-pictured-in-4\/\"><img decoding=\"async\" src=\"https:\/\/c3.oann.com\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2022binary_LYNXMPEI9B0Z3-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9B0Z3-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) \u2013 Federal Reserve policymakers agreed they needed to move to a more restrictive policy stance \u2013 and then maintain that for some time \u2013 in order to<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1686896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1686896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1686896"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1686896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1686896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1686896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1686896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}