fed minutes, 2018-12-19
Desk surveys indicated that respondents placed high odds on a further quarter-point firming in the stance of monetary policy at the December meeting, but lower than the near certainty of a rate increase reported just before previous policy firmings in 2018; survey responses anticipated that the median projected path of the federal funds rate in the Summary of Economic Projections (SEP) would show only two additional quarter-point policy firmings next year--down from the three policy firmings in the median path in the September SEP results.
Sentiment: neutral
Topic: mp_interest_rate