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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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.