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Latest meeting minutes show a Fed already lagging market conditions – Bond Buyer

The minutes from the Federal Open Market Committee’s meeting on Might 3 and 4 paint an optimistic tone, and enterprise the Committee’s confidence that its shift to “impartial” circumstances Shall be enough to prevail in its objective of bringing down inflation again in the direction of The two% longer-time period goal.

The notes element the Committee’s evaluation that credit rating markets stay basically sound, and that it stays undeterred from pursuing its goals by the downflip in asset prices that has hit most monetary markets So far this yr. 

Whereas a doc search Will not flip up the dreaded phrase “stagflation,” the minutes level out on a quantity of occasions that the Committee sees hazard to progress skewing in the direction of the downfacet, and inflation hazard to the upfacet. A minimal of for now, the minutes current that addressing inflation stays the Committee’s prime precedence.

The Marriner S. Eccles Federal Reserve constructing in Washington, D.C.

Bloomberg Information

There’s particular level out that the potential for future deviation Inside the Committee’s strategy lies in the direction of further tightening, if deemed Important to fulfill its goals — i.e. “a relaxationrictive stance of coverage may properly Discover your self to be relevant Counting on the evolving financial outlook.”

For The numerous buyers Who’ve been hesitant to open their statements So far this yr, let that be a reminder that this has apparently …….

Source: https://www.bondbuyer.com/opinion/latest-meeting-minutes-show-a-fed-already-lagging-market-conditions

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