The Fed Would Rather Do Too Much Than Too Little In Inflation Fight
September meeting minutes show renewed resolve to continue tightening monetary policy.
September meeting minutes show renewed resolve to continue tightening monetary policy.
California economist says COVID-19 stimulus payments caused problems.
Chairman said housing market may have to go through "a correction" to return to balance.
Median existing-home price also rose, the 126th consecutive month of year-over-year increases.
FOMC expected to announced 0.75% rate hike after 2-day meeting ends Wednesday.
The Fed’s primary goal is to reduce inflation, although this may “bring some pain to households and businesses.”
July meeting minutes show another 50-basis-point rate hike is expected in September.