Fed minutes said participants stressed that incoming data will be central to policy reviews. Many warned that if inflation does not continue to fall, further policy tightening may be needed; some said current financial conditions may be insufficient

2026-08-20

Fed minutes said participants stressed that incoming data will be central to policy reviews. Many warned that if inflation does not continue to fall, further policy tightening may be needed; some said current financial conditions may be insufficient to bring inflation to 2%. Several participants noted financial conditions tightened over the past two meetings, partly reflecting strong growth and market pricing of more tightening. A minority who favored raising the federal funds rate target at this meeting argued a near-term hike could reduce the risk of larger, costlier tightening later.

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2026-08-19

The Bank of Korea reported that household credit grew 1.3% month-on-month as of the end of June, compared with 0.7% growth at the end of March.

2026-08-19

Markets will parse the Fed’s July minutes for signs the three officials who voted to raise rates were not the full extent of a hawkish cohort; evidence that more officials seriously considered a hike would prompt re-pricing of September policy. Key r