If the Fed keeps moving towards its goal, interest rates could rise sooner than expected. This is the message from the minutes from the Fed’s July 29-30 FOMC meeting, which were just released. Notably, the some members of the FOMC said: “With respect to monetary policy over the medium run, participants generally agreed that labor market conditions and inflation had moved closer to the Committee’s longer-run objectives in recent months, and most anticipated that progress toward those goals would continue. Moreover, many participants noted that if convergence toward the Committee’s objectives occurred more quickly than expected, it might become …read more
Source: Business Insider
