Most Federal Reserve officials at the central bank's July monetary policy meeting believe it will be appropriate to begin tapering asset purchases this year, according to the minutes of the meeting released on Wednesday.
The expectation of tapering the Fed's asset purchases this year comes as most participants saw the "substantial further progress" criterion as satisfied with respect to the price stability goal and as close to being satisfied with respect to maximum employment.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.