Fed minutes signal lower optimism on ‘high levels of uncertainty and risks’
Washington — The Federal Reserve minutes signalled a tempered optimism about growth in the second half of 2020 and US central bankers appeared to back off from an earlier readiness to clarify their guidance on the future path of interest rates when they met in July.
“With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity regarding the likely path of the target range for the federal funds rate would be appropriate at some point,” according to minutes published on Wednesday of the Federal Open Market Committee’s July 28-29 meeting, conducted via video conference...
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