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Minutes Show Several Fed Members Flagged Inflation Risk
Mike, I want to bring you in. Just on the latest that we heard from Stuart and from the Federal Reserve with regards to these minutes. The Treasury two year yield pairs declined after the FOMC minutes came out.The majority saw inflation risk outweighing employment risk. Several members flagged the risk of inflation expectations on anchoring. Several said current rate may not be far above neutral and several expected companies would pass tariffs to consumers.What is your instant reaction to these minutes. We ...