Breaking: Federal Reserve minutes show “a substantial majority” of officials at their November meeting thought the pace of rate rises could slow soon. Stocks rose after the release.
Policy makers have signaled plans to dial back the pace of interest-rate increases, while warning rates could rise to somewhat higher-than-anticipated levels next year
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected. Illustration: Jacob ReynoldsWASHINGTON—Most Federal Reserve officials thought they should slow the pace of interest-rate increases afterOfficials approved the latest super-sized rate increase at their Nov. 1-2 meeting, bringing their benchmark rate to a range between 3.
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