National Association of Federal Credit Unions (NAFCU) Chief Economist and Director of Research Curt Long issued the following statement today in response to the Federal Open Market Committee’s November meeting minutes.
“While committee members remain divided in several important aspects, the consensus does seem to favor a quarter-point rate hike next month,” said Long. “Looking ahead to 2017, disagreements over how close the economy is to full employment and whether it is prudent to allow inflation to run above target could shape how firmly the committee can hold to its promise to tighten its monetary stance gradually.”