fintech / news / / Bnn Bloomberg
Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month, with a growing number of them saying the central bank should lay the groundwork for a possible rate hike.
A growing bloc of Fed officials now favors preparing for possible rate hikes amid war-driven inflation.
KEY POINTS
- April's Fed meeting saw the highest number of policy dissents since 1992, with mixed dissent reasons.
- Minutes revealed many policymakers wanted to remove language signaling an easing bias from Fed statements.
- Since the Iran war began, oil prices have surged over 50%, broadening inflation across goods and services.
- Less than half of surveyed economists now expect any Fed rate cuts by December, down from two-thirds.
COMPANIES
Summarized by Newsio from Bnn Bloomberg. How we summarize →