Bloomberg: Fed Officials Increasingly Wary of a ‘Misstep’

Though Federal Reserve Officials have made it quite clear through speeches and interviews that they intend to normalize interest rate policy this month, there is still an air of concern.

“[Federal Reserve officials] are increasingly wary that a misstep could derail the economy at a time when they perceive a lack of tools to address renewed weakness,” Bloomberg reports.

A stronger dollar, wider credit spreads, and falling equity prices make for tighter financial conditions, and Fed officials are speculating whether a rate hike should be added to that tightening.

Read more