Market Updates
FOMC Minutes: Members Prefer Restrictive Monetary Stance
Brian Turner
21 Nov, 2023
New York City
Market indexes were little changed and lacked direction after the release of the minutes of the meeting ending on November 1.
Committee participants stressed that the current inflation "remained unacceptably high" and that further evidence would be required for them to be confident that the inflation was on a path to the 2% objective of the central bank.
A few participants noted that nominal wages are still rising at levels above the assessed levels, consistent with the sustained level of 2% inflation objective.
Investors looking for clues for the Federal Reserve to lower rates were disappointed, as most participants supported the continuation of restrictive policy and said that "the current stance of monetary policy was restrictive and was putting downward pressure on economic activity and inflation."
Most investors are anticipating the Federal Reserve holding rates for the third time in a row after the December meeting, providing a stable rate outlook all the way to the end of January 2024, when policymakers are scheduled to gather again.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|