The Fed Wants More Evidence Before Changing Rate Stance

Officials highlighted risks of stronger-than-anticipated inflation and weaker-than-expected growth at their recent meeting

Nov. 21, 2023 2:25 pm ET

With the U.S. projected to borrow $2 trillion yearly for the next decade, the Treasury Department will need to sell a lot more bonds to make up for the deficit. WSJ’s Dion Rabouin explains what it means for the stock market. Photo illustration: Noah Friedman

Federal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases.

But minutes of their most recent policy meeting suggested they might be comfortable holding rates steady for at least the rest of the year. 

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