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Federal Reserve meeting notes will show attendees increasingly concerned about labor market conditions
Upcoming FOMC meeting notes will shed light on why the committee lowered its expectations for a 2024 rate cut while keeping growth and unemployment expectations unchanged. The unexpected rise in inflation in Quarter 1 this year has indeed shaken policymakers' confidence in the path of inflation, but in any case, the Fed's inflation forecast provided in June may be outdated after CPI and PCE showed a marked slowdown in May. The baseline scenario is that meeting notes can...
2024-07-03 05:13:48
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