Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Fed may raise interest rates sooner amid high inflation: Minutes

by Anadolu Agency

ANKARA Nov 25, 2021 - 5:54 pm GMT+3
The Federal Reserve building is pictured in Washington, DC, U.S., Aug. 22, 2018. (Reuters File Photo)
The Federal Reserve building is pictured in Washington, DC, U.S., Aug. 22, 2018. (Reuters File Photo)
by Anadolu Agency Nov 25, 2021 5:54 pm
RECOMMENDED
Treasury and Finance Minister Nureddin Nebati delivers a speech at the “Century of Türkiye Summit” at the Turkuvaz Media Center in Istanbul, Türkiye, Feb. 2, 2023. (AA Photo)

Türkiye to stick to low rate policy post elections: Finance chief

monetary-policy

The United States Federal Reserve may raise interest rates sooner than anticipated and cut back on its monthly asset purchases faster if inflation continues to run high, the minutes of a recent bank meeting showed on Thursday.

Some participants at the Federal Open Market Committee (FOMC) said they "should be prepared to adjust the pace of asset purchases and raise the target range for the federal funds rate sooner than participants currently anticipated if inflation continued to run higher," according to the minutes of the meeting on Nov. 2-3.

The Fed kept interest rates near zero at its last meeting, but said the process of tapering would start this month, reducing its $120 billion monthly asset purchases.

Though the bank indicated on Sept. 22 that its first interest rate hike was projected to come by late 2022 at the earliest, the move may instead come in mid-2022 as last month U.S. consumer prices hit their highest level in 31 years.

"Participants noted that the Committee would not hesitate to take appropriate actions to address inflation pressures that posed risks to its longer-run price stability and employment objectives," the minutes said.

The Fed, however, added that it would remain patient and monitor macroeconomic data given the risks in the global economy, such as supply bottlenecks and the course of the coronavirus.

"Because of the continuing considerable uncertainty about developments in supply chains, production logistics, and the course of the virus, a number of participants stressed that a patient attitude toward incoming data remained appropriate to allow for careful evaluation of evolving supply chain developments and their implications for the labor market and inflation," it said.

RECOMMENDED
Treasury and Finance Minister Nureddin Nebati delivers a speech at the “Century of Türkiye Summit” at the Turkuvaz Media Center in Istanbul, Türkiye, Feb. 2, 2023. (AA Photo)

Türkiye to stick to low rate policy post elections: Finance chief

monetary-policy
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    federal reserve federal open market committee inflation
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Rescue teams gather in Istanbul Airport to head to zones hit by a 7.7 magnitude earthquake in southeastern Türkiye. (DHA Photo)

    Condolences messages pour for victims of quake in SE Türkiye

    earthquake
    No Image

    Want to help earthquake victims in Türkiye? Here's how 

    earthquake-in-türkiye

    Earthquakes in Türkiye moved Anatolia up to 10 meters: Seismologist

    türkiye

    Death toll from deadly quakes in Türkiye surpasses 9,000

    türkiye
    No Image
    Best of Academy Awards 2022
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021