The Fed Wants More Evidence Before Changing Rate Stance.

The Federal Reserve officials have indicated that they may be comfortable keeping interest rates steady for the rest of the year, according to the minutes of their recent policy meeting. They highlighted the risks of higher-than-expected inflation and lower-than-expected growth. While some officials believe it is too soon to change their view that another rate increase is more likely than a rate cut, none have made a strong case for raising rates at their next meeting in December. Market participants are looking ahead to when the central bank will be in a position to lower rates next year due to signs that inflation is heading back to the Fed's 2% target. [Extracted from the article]