{"id":77122,"date":"2015-08-20T02:32:07","date_gmt":"2015-08-20T06:32:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=77122"},"modified":"2015-08-20T07:32:10","modified_gmt":"2015-08-20T11:32:10","slug":"fomc-meeting-minutes-raise-doubts-of-september-rate-hike-dollar-falls","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/fomc-meeting-minutes-raise-doubts-of-september-rate-hike-dollar-falls\/","title":{"rendered":"FOMC meeting minutes raise doubts of September rate hike, dollar falls"},"content":{"rendered":"
August 20, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

Federal Reserve policymakers widely agreed last month the economy was nearing the point where interest rates should move higher, but worried lagging inflation and a weak global economy posed too big a risk to commit to \u201cliftoff.\u201d<\/p>\n

Only one Fed policymaker was ready to vote for a rate hike at the central bank\u2019s July 28-29 policy meeting, while some others \u201cviewed the economic conditions for beginning to increase the target range for the federal funds rate as having been met or were confident that they would be met shortly,\u201d according to minutes from the meeting released on Wednesday.<\/p>\n

\u201cMost judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point,\u201d the minutes said.<\/p>\n

That sentiment, combined with a broader recognition among \u201cmany members\u201d that full employment was close, led the Fed to say in its post-meeting statement that it only needed to see \u201csome\u201d more improvement in labor markets before hiking rates.<\/p>\n

But that feeling was offset by apparently widespread concern about weak inflation, tepid wages, and the fact that a six-year recovery had not moved inflation nearer to the Fed\u2019s 2 percent inflation target.<\/p>

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\u201cAlmost all members \u2026 would need to see more evidence that economic growth was sufficiently strong and labor market conditions had firmed enough for them to feel reasonably confident that inflation would return to the committee\u2019s longer-run objective over the medium term,\u201d the minutes said.<\/p>\n

The Fed has said it wants to be \u201creasonably confident\u201d in the inflation outlook before a rate hike.<\/p>\n

The minutes did not make an overt reference to a possible September rate hike.<\/p>\n

Yields on long-term U.S. government bonds fell, U.S. stocks pared losses and the dollar weakened after the release of the minutes, suggesting investors saw them as an indication the Fed would be cautious about hiking rates.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime Federal Reserve policymakers widely agreed last month the economy was nearing the point where interest rates should move higher, but worried lagging inflation and a weak global economy posed too big a risk to commit to \u201cliftoff.\u201d Only one Fed policymaker was ready to vote for a rate hike at the central […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77122","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=77122"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77122\/revisions"}],"predecessor-version":[{"id":77144,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77122\/revisions\/77144"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=77122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=77122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=77122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}