Fed minutes likely to anchor 'careful' approach to policy

From zawya.com

Federal Reserve Chair Jerome Powell made liberal use of the word "careful" at his last press conference as he described the U.S. central bank's effort to balance the risks of still-elevated inflation and a surprise surge in economic growth against tightening credit conditions and a Fed conviction that the economy was on the cusp of slowing. Minutes of that Oct. 31-Nov. 1 meeting, which are due to be released at 2 p.m. EST (1900 GMT) on Tuesday, are expected to also emphasize a word U.S. monetary policymakers have rallied around at a time when they seem unlikely to raise the target interest rate any further, yet don't ... (full story)