Briefings

Week InReview: February 18, 2022

Tightening.
 
Photo: AFP via Getty Images
 
WEDNESDAY'S MINUTES of the January Federal Reserve meeting provided few new details for investors who are now pricing at least six rate hikes this year. Analysts are becoming increasingly concerned that the central bank may not be able to slow inflation without inflicting damage to the economy. Fed officials will have another round of inflation and employment data before making their decision next month. What is less clear is whether the rate-setting committee will be returned to full strength as the confirmation of five nominees to the board is being held up by political wrangling in Washington. 

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