Meeting Minutes Reveal Fed Concerns About Inflation, Unemployment

While the Fed did not make any explicit moves at its July 26 meeting, the minutes of which were released today, it strongly hinted that it would begin slowing the pace of bond reinvestments at the next meeting. So these minutes could shed some light on that debate. But perhaps more importantly, I'm looking for some clarity around how the Fed is thinking about employment and inflation. 

A debate is raging among economists about whether the Fed should be waiting for more inflation before hiking again or needs to pre-emptively hike given the very low level of unemployment. Since the Fed collectively seems to side with the latter argument, what exactly has it convinced? The state of the debate in these minutes gives us some clues about this and what might change the Fed's mind. This is crucial to understanding how 2018 evolves. ...693 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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