Fed Minutes Reveal Cautious Approach
Federal Reserve leaves the door open for increases.
Federal Reserve leaves the door open for increases.
Despite mounting pressures, the central bank remains cautious as housing and mortgage sectors show signs of stagnation.
Fed retains current rate between 5.25%-5.5%; Housing market may see a shift as inflationary pressures are monitored and policy adjustments are made.
Uncertainty about fight against inflation suggests more hikes might be needed.
Boosts federal funds rate by another 25 basis points.
September meeting minutes show renewed resolve to continue tightening monetary policy.
Experts say housing industry will shrug off the latest increase.
There’s even talk of stagflation hitting the U.S. economy