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
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.