The Federal Reserve Board, the central bank of the United States, decided to raise the policy interest rate by 0.75% at its meeting this month to curb record inflation.
The 0.75% rate hike is the fourth in a row and continues to be unusually rapid.
According to the minutes of this meeting released on the 23rd, it pointed out that monetary tightening such as interest rate hikes has clearly appeared in some of the housing and corporate investment that are sensitive to interest rates.
And it turns out that many participants were arguing that a slowdown in rate hikes would soon be appropriate.
On the other hand, various participants noted that inflation showed little signs of abating, and expected the eventual level of interest rates to be somewhat higher than previously projected to keep inflation in check.
In the United States, the consumer price index last month fell below 8% for the first time in eight months, but it is well above the Fed's target price level.
The focus will be on whether the Fed will reduce the pace of rate hikes at its meeting next month and how it will present its outlook for rates going forward.