The minutes of last month's meeting where the Federal Reserve Board, the central bank of the United States, decided to raise the interest rate to 0.75% for the second consecutive time has been released.
We found that participants shared the view that it may be appropriate at some point to slow down the pace of rate hikes as monetary tightening is tightened to keep inflation in check.
The Fed decided to raise interest rates by 0.75% at its meeting last month to keep record inflation in check.
At the previous meeting, it was decided to raise interest rates by 0.75% for the first time in about 27 and a half years since 1994, and it was an unusual response to raise interest rates twice in a row.
According to the minutes of the meeting released on the 17th, the participants agreed that the rate of inflation remained at an extremely high level and that monetary tightening should continue to keep inflation in check.
On the other hand, we also found that they shared the recognition that if monetary tightening is further strengthened, it may be appropriate to slow down the pace of interest rate hikes at some point.
However, no specific timing or method has been indicated, and the market will see how Chairman Powell will refer to future rate hike policies at the annual symposium scheduled to be held in Jackson Hole, Wyoming from the 25th of this month. Interest is growing.