Minutes of last month's meeting of the Federal Reserve Board, the central bank of the United States, will be released, and next month it will raise rates twice as much as usual to rush monetary tightening to curb record inflation. In addition, it is expected to take measures to reduce assets such as government bonds.
On the 6th, the Fed released the minutes of last month's meeting, which lifted the zero interest rate policy and decided to raise interest rates by 0.25%.
According to this, inflation will be spurred by the rise in energy and grain prices due to Russia's military invasion of Ukraine and the disruption of the supply chain = supply network due to the spread of the new coronavirus infection in China. There were a lot of opinions to be wary of.
On top of that, regarding the range of rate hikes, the impact of the situation in Ukraine on the economy is unclear, and although it was set at 0.25% at this meeting, many participants said that they supported double the normal rate to 0.5% in the future.
He also said that it was supported to implement a measure called "quantitative tightening" to reduce assets such as government bonds by reducing the amount to 95 billion dollars a month, up to 11 trillion yen in Japanese yen. At the next meeting next month, the prospect of accelerating monetary tightening was shown.
In the financial markets, there is concern about the rise in interest rates and the impact on the economy caused by the Fed's accelerating tightening, and there is a lot of interest in steering policies.