FOMC minutes: Most participants emphasized 'flexibility and optionality' on rates

• Participants observed that slowing hikes would allow to assess progress on inflation and employment
• Participants stressed that it would take substantially more evidence of progress to be confident that inflation was on a sustained downward path
• No participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023
• Participants continued to anticipate that ongoing increases in the target range for the federal funds rate would be appropriate
• Participants reaffirmed their strong commitment to returning inflation to the Committee's 2 percent objective
• October and November showed welcome reductions in the monthly pace of price increases, but they stressed that it would take substantially more evidence of progress to be confident that inflation was on a sustained downward path
• Participants generally noted that the uncertainty associated with their economic outlooks was high and that the risks to the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term outlook remained tilted to the upside

I warned that the tone of this report was likely to be hawkish and I don't think it's a big surprise but the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term has strengthened on these headlines.