Fed to weigh financial markets in rate decisions: Jan minutes
Washington
FINANCIAL markets turmoil has clouded the US economic outlook and will be a key factor in charting interest rate increases, the minutes of the Federal Reserve's January meeting showed on Wednesday.
Participants at the Jan 26-27 meeting of the Federal Open Market Committee (FOMC) "emphasized that the timing and pace of adjustments will depend on future economic and financial market developments and their implications for the medium-term economic outlook", the minutes said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low
Hong Kong holds rate as Fed signals inflation concerns