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08.07.26 - 22:06
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FOMC Minutes Show ′A Few′ Fed Members Wanted To Hike In June, ′Majority′ Fear Higher Inflation (ZeroHedge)
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FOMC Minutes Show 'A Few' Fed Members Wanted To Hike In June, 'Majority' Fear Higher Inflation
Tl;dr: The minutes underscored a more hawkish tone on inflation. UBS traders noted that most participants cited scenarios in which price pressures could remain elevated, including stronger AI-related demand, the ongoing Middle East conflict and tariffs. In those cases, nearly all of those officials said some additional policy tightening would likely be warranted. Fed staff raised their inflation outlook for 2026 and 2027 compared with the April forecast, reflecting the effects of the Middle East war and AI-driven investment, while trimming their GDP growth outlook slightly.
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Today's FOMC minutes will be scrutinized for further insight into policymakers' appetite for additional rate hikes and the thinking behind the Committee's hawkish shift at last month's meeting. The minutes are an account of the June 17th meeting and therefore will not reflect subsequent developments, including t...
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08.07.26 - 14:54
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Yardeni Says Inflation, Fed Back in Play on Iran Crisis (Bloomberg)
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Ed Yardeni, president of Yardeni Research, says the flare-up of fighting with Iran rekindles market concern that rising oil prices will stoke inflation -- and force the Federal Reserve to hike interest rates. He speaks on Bloomberg Television's ``Surveillance.'' (Source: Bloomberg)...
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