Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday.
Federal Reserve officials are meeting this week with the economy facing growing threats from a resurgence of the coronavirus and from Congress’ failure to provide any further aid for struggling individuals and businesses.
Treasury officers should remember that a main objective of the investment portfolio is to enhance profitability while balancing the institution’s sensitivity to interest rate changes.
The Fed’s decision yesterday to inch the federal funds rate upward signaled its cautious confidence in the U.S. economy, but it ruffled few feathers in the Massachusetts real estate market.
