Fed Minutes Set to Show Breadth of Support for Higher Peak Rate

11/23/2022 12:00:00 PM

23 Nov

Fed Minutes Set to Show Breadth of Support for Higher Peak Rate

The Federal Reserve is set to show how united policymakers were at their meeting this month over a higher peak for interest rates than previously signaled as they calibrate their fight against decades-high inflation.

At the conclusion of the Nov. 1-2 meeting of the US central bank’s policy-setting Federal Open Market Committee, Chair Jerome Powell told reporters that rates would probably have to go higher than the FOMC’s quarterly projections in September had indicated. 

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