Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C. Federal Reserve policymakers at their most recent meeting united around a strategy to "proceed carefully" on future interest-rate moves and base any further tightening on progress toward their inflation goal.
"All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based on the totality of incoming information," according to minutes of the Federal Open Market Committee (FOMC) meeting on October 31 and November 1.
U.S. central bankers held the benchmark lending rate in a range of 5.25 percent to 5.5 percent for the second straight time, despite a run of data showing strong consumption and hiring, which fueled overall economic growth.
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