Why is the Fed being patient about interest rates?
Williams, who is vice-chairman and a permanent voting member of the Fed's rate-setting committee, also said some risks to global growth have receded and domestic drivers of the US economy are strong, likely putting growth above 2% and its long-run potential this year.
US trade tensions with China combined with other pressing global issues like Brexit have given committee members concern over whether global growth is sustainable.
That was despite Trump's repeated demand for a rate cut.
Risks to the US economic outlook, including trade uncertainty and Brexit, have receded but are still present, the US Federal Reserve said Wednesday.
Meanwhile, given "global economic and financial developments as well as muted inflation pressures, participants generally agreed that a patient approach" to deciding on the benchmark lending rate "remained appropriate".
HONOR launches new smartphone products in Britain
Unlike the HONOR 20 Lite , the device is integrated with a fingerprint sensor on its side that also functions as a power button. Interestingly, DxOMark has revealed that this device could have one of the best smartphone cameras on the market today.
The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
But overall "it appears as though the Fed is exactly where they want to be and don't have to lean one way or the other", said Art Hogan, chief market strategist at National Securities in NY.
Consistent with Fed Chair Jerome Powell's press conference after the meeting, participants observed "at least part of the recent softness in inflation could be attributed to idiosyncratic factors". Earlier this year, during the FOMC's first meeting on May 1, Fed officials kept the rates unchanged. "A number of participants observed that some of the risks and uncertainties that had surrounded their outlooks earlier in the year had moderated, including those related to the global economic outlook, Brexit, and trade negotiations", the minutes said.
New York Fed President John Williams said at a press briefing that there is not now a strong argument for changing rates, including as a response to low inflation readings that may due to temporary factors.
The May Fed meeting minutes suggest that policymakers will be keeping interest rates at their current level for the foreseeable future.
The Federal Reserve wants the banking system flush with cash to keep the economy humming, but there may be bottlenecks that undermine the USA central bank's credibility to influence interest rates.
If he signs the supermax, such a deal would give him the largest contract in National Basketball Association history. Simmons, coming off last year's NBA Rookie of the Year award, received seven Third Team points from media members.
The Pentagon did not provide evidence to support its claims but said it hoped to further declassify intelligence supporting them. He spoke to reporters on the White House lawn as he headed out on a trip to Japan .
Pep Guardiola will reportedly be named as replacement for out-gone Juventus manager Massimiliano Allegri on June 4. Guardiola led City to an unprecedented domestic treble of Premier League, FA Cup and Carabao Cup this season.
President Donald Trump sought to soothe concerns from the Japanese business community over dinner on Saturday night, as the U.S. People walk by a Trump building in NY . "I will say that Japan has had a substantial edge for many, many years", Trump said .
This is not the way serious countries deal with each other. "I would consider that a hold", Mr Shanahan told reporters. But if we find something, then, of course, we would have to act because we'd have to respond", she said.
The move is a potentially devastating blow for the company that has rattled technology supply chains and investors. The report did not elaborate and did not directly mention the trade war or the United States.
Victoria has made it clear that she won't make a cameo appearance on the Spice Girls tour, even before rehearsals began. The Spice Girls last performed with all five original members at the closing ceremony of the London Olympics in 2012.
The new charges relate to Assange's role in publishing classified State Department documents on WikiLeaks in 2010 and 2011. The US Justice Department unveiled 17 new counts under the Espionage Act against WikiLeaks founder Assange .
Then earlier this week the US Commerce Department announced a 90-day delay to the imposition of trade restrictions on Huawei. That's because nearly every smartphone chip out there nowadays is based on ARM's design.
What aspects of the Terminator universe would you like to see explored? Directing duties are taken by Deadpool's Tim Miller . The first trailer for the sixth Terminator film has arrived - and it's absolutely packed full of action.
Kyle Kaiser almost went airborne in an early accident and the team vowed to work all night rebuilding his vehicle . The driver who will lead the field to green in Sunday's Indianapolis 500 is atop the speed charts yet again.
Wall Street gains on trade reprieve ahead of long weekend
On 9 May, the Trump administration increased the level of tariffs from 10 to 25 per cent on some $200 billion in Chinese imports. Of course, Google's revocation of Huawei's Android license means Huawei can no longer use the firm's widely popular software.
Why China Hasn’t Raised Tariffs on U.S. Oil
Global geopolitical risk was still sufficient to provide a floor for oil prices, said Again's Kilduff. OPIS Energy Analysis Global Head Tom Kloza on the outlook for oil prices.
BJP Set To Secure A Majority In India’s General Election
He tweeted, "I accept the verdict of the people of India". "With all + everybody's confidence = victorious India", he said. Bhojpuri actor and BJP candidate Ravi Kishan was leading by over one lakh votes in Gorakhpur after five rounds.
SpaceX launches 60 internet satellites
The Federal Communications Commission has granted SpaceX permission to launch a total of almost 12,000 Starlink satellites . Each of the satellites weighs just 227 kilograms (500 pounds) and was built in-house in Redmond, near Seattle.
Huawei SA says local users unaffected by U.S. ban
However, Huawei's chairman Ren Zhengfei has tried to quell some of this nationalist zeal surrounding the company's phones. In a statement (via BBC ), ARM says it is "complying with all of the latest regulations set forth by the USA government".
Alberta wildfires grow, evacuations in progress
Almost 5,000 people have cleared out of High Level and nearby reserves with flames licking at the southern edge of the community. Officials say crews using heavy equipment are making progress on a fire guard around High Level and parts of the fire perimeter.
China Eastern seeks payout from Boeing over 737 MAX
Federal Aviation Administration, which had ultimate authority for the Max, but has created a conflict of interest, Horne said. "If it takes a year to find everything we need to give us confidence to lift the order, then so be it", he added.