Federal Reserve Officials Likely To Maintain Interest Rates

According to Odaily, Nick Timiraos, often referred to as the 'Federal Reserve's mouthpiece,' has indicated that the minutes from the Federal Reserve meeting suggest a general willingness among officials to keep interest rates unchanged at the upcoming meeting later this month. The minutes reveal that participants believe the committee is at or near an appropriate level to slow the pace of policy easing. Officials consider that, based on their current outlook for economic activity, the Federal Reserve may continue to reduce interest rates at a slower pace than in recent months.