Federal Reserve officials expect to keep interest rates at a restrictive level for "some time," according to the minutes of the central bank's latest monetary policy meeting.
The minutes of the October 31-November 1 meeting, released Tuesday afternoon, said participants agreed policy should remain restrictive until inflation is clearly moving down sustainably toward the Fed's 2 percent objective.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.