Loading ...KEY POINTS
- Minutes from the May 1-2 Federal Open Market Committee meeting were released on Wednesday.
- “Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time” the meeting summary stated.
- “Participants continued to view sustained expansion of economic activity, with strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective as the most likely outcomes,” the minutes also said.
- The minutes noted that members attributed the low inflation readings to “idiosyncratic factors” such as sharp drops in apparel costs and from portfolio management services
https://www.cnbc.com/2019/05/22/fed-minutes-from-may-meeting.html