HomeMarketsIndicesFOMC Minutes: Ongoing Rate Increases Appropriate, Labor Market Needs To Weaken
FOMC Minutes: Ongoing Rate Increases Appropriate, Labor Market Needs To Weaken

According to the FOMC minutes, it was stated that several saw a need to calibrate the Federal Reserve tightening to mitigate risk and the labor market will need to weaken to bring down high inflation. Also, ongoing interest rate increases are appropriate. "However, the Fed is interested in calibrating at some point. We cannot keep tightening, which will ultimately damage the U.S. economy. Housing and energy prices have come down," says Ben Emons.

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