The report from the previous US interest rate meeting slows the pace in the US stock market.
The US central bank presented the minutes of its last interest rate meeting on December 13 and 14 last year.
In the minutes, he stated that interest rates are set to rise “for some time to come”.
Restrictive monetary policy will be necessary until the new figures show that inflation is on its way down towards the 2 percent target, according to the report.
The long-term inflation target in the US, as in Norway, is around 2%.
Wall Street rallied earlier in the day, but declined after the minutes were published. For today, the benchmark stock indices are almost unchanged. The S&P 500, a stock index of 500 important companies in the United States, rose 0.4 percent on the day. Prior to the report, the rise was around 0.9 percent.
At the meeting, the Fed (Reserve) raised half a percentage point to 4.25-4.5 percent.
Then the Fed announced several interest rate increases to combat inflation.
The highest interest rate since the financial crisis
The Fed’s preferred inflation measure, PCEPCEpersonal consumption expenditureswhich closed at 5.5 percent in November compared to the same month a year ago.
The Federal Reserve has delivered strong interest rate jumps in a row this year, in an effort to curb soaring inflation. Federal Reserve Chairman Jerome Powell has been clear that he will do what it takes to bring down inflation.
At the beginning of November, the US central bank raised the interest rate by 0.75 percentage points four times in a row, before settling in mid-December to raise the interest rate by 0.50 percentage points.
After those increases, the policy rate rose to the highest level since the 2008 financial crisis.
No rest from number slips
New figures on Wednesday showed that the US job market remains tight and the industry is still squeezing the brakes.
The number of job vacancies was 10.46 million in November, down from 10.51 million in the previous month, according to jerksjerksJob Opportunities and Labor Turnover Survey (JOLTS)– Figures discussed by TDN on Wednesday.
There were also figures for the manufacturing PMI for the US, which was 48.4 in December, according to ismismInstitute for Supply Management– Figures – also those presented on Wednesday.
The index was previously expected at 48.5, according to a consensus forecast from Trading Economics.
In general, a PMI number above 50 indicates increased activity or growth, while values below 50 could be an expression of decline.
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