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 third consecutive time has been released.
Participants agreed that inflation remained unacceptably high, and monetary tightening should be continued in order to keep inflation in check, even at the cost of rising unemployment and other rates.
The Fed decided to raise interest rates by 0.75% at its September meeting to keep record inflation in check.
The 0.75% interest rate hike is the third in a row, which is highly unusual.
According to the minutes of the meeting, which were released on the 12th, participants said inflation remained unacceptably high, and that monetary policy would continue to be tightened to keep inflation in check, even if unemployment and other rates rose. We agreed that we should.
Some participants also pointed out that rising labor unrest, higher wages, and further increases in energy prices could exacerbate inflation.
In the United States, record inflation and a serious labor shortage continue, and the market is spreading the view that the Fed will continue to raise interest rates significantly at the monetary policy meeting that will be held from November 1st.