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MNI: Most Of FOMC Thinks Upside Inflation Risk Could Require More Hikes

FED

Fed minutes for July meeting show: 

  • Most participants continued to see upside risks to inflation, which could require further tightening of monetary policy.
  • A number of participants judged that, with the stance of monetary policy in restrictive territory, risks the achievement of Fed goals had become more two sided.
  • Participants cited a number of tentative signs that inflation pressures could be abating.
  • Several participants said significant disinflationary pressures had yet to become apparent in core services ex-housing.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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