Moderate caution remains on inflation

  • Several participants said they were concerned trend inflation was too low, risking an eventual decline in inflation expectations and damaging Fed credibility
  • Several officials said hike should hinge on incoming data
  • Policymakers on balance believed inflation would move to the Fed’s 2% target though perhaps more slowly than thought
  •  In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee’s Policy Normalization Principles and Plans.”
  • Many Fed officials saw another rate hike warranted this year

USD jumps up and down , comes back to pre-minutres rates
EURUSD 1.1850, USDJPY 112.42,CABLE 1.3215, USDCHF 0.9735


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