00:00It's Benzinga bringing Wall Street to Main Street.
00:02Federal Reserve officials signaled little appetite for additional rate cuts at their
00:06January 27th and 28th meeting and said they want more progress on inflation before easing policy,
00:13according to The Wall Street Journal. The Fed held its benchmark rate at 3.5% to 3.75%
00:19on a
00:1910-2 vote, the first pause since July. Minutes showed several officials would have supported
00:25language noting rates could rise if inflation remains above target. Chair Jerome Powell said
00:30the committee was well-positioned and declined to outline conditions for another cut.
00:34The minutes showed growing concern about persistent inflation and less worry about the labor market.
00:39January data showed 130,000 jobs added and unemployment at 4.3%,
00:45while consumer prices rose 2.4% year-over-year. For all things money, visit Benzinga.com.
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