Though Federal Reserve Officials have made it quite clear through speeches and interviews that they intend to normalize interest rate policy this month, there is still an air of concern.
“[Federal Reserve officials] are increasingly wary that a misstep could derail the economy at a time when they perceive a lack of tools to address renewed weakness,” Bloomberg reports.
A stronger dollar, wider credit spreads, and falling equity prices make for tighter financial conditions, and Fed officials are speculating whether a rate hike should be added to that tightening.
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