Fed Whisperer: Meeting Minutes Indicate Officials Generally Willing to Stand Pat This Month

BlockBeats News, January 9th, "Fed's Megaphone" Nick Timiraos pointed out that the Fed meeting minutes further indicated that officials are generally willing to keep rates unchanged at the meeting to be held at the end of this month.

The minutes stated: "Participants noted that the Committee is at or near the appropriate level of accommodation to slow the pace of policy easing." Officials believe that based on their current outlook for economic activity, the Fed may continue to cut rates at a slower pace than in recent months. (FXstreet)