Fomc:Several on Fed concerned about low inflation expectations

by | November 22nd, 2017, 19:03:47 | Central Banks, Fed, FOMC

US Federal Reserve

The Nov 1st meeting minutes

  • MANY FED POLICYMAKERS SAW NEAR-TERM RATE HIKE AS WARRANTED; SOME OPPOSED DUE TO WEAK INFLATION
  • Several said near-term hike hinged on data
  • A few Fed officials concerned hikes would undermine credibility
  • Most participants continued to think tighter labor markets would ultimately produce higher inflation
  • Officials Generally Saw Overall Gains In Wages As ‘Modest
  • Many See ‘Some Likelihood’ Of Inflation Below 2% Target For Longer
  • Tax Plan Could Boost Business Investment

the link

Somewhat dovish due to inflation uncertainty , USDJPY new low 111.43

K-man
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