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FOMC Minutes Signal Fed Saw "Dual Sided" Risks From Iran War
FOMC Minutes Signal Fed Saw "Dual Sided" Risks From Iran War
Since the last FOMC meeting (March 18th), a lot has happened (war, more war, and now less war), and rate-change expectations hawkishly surged, then dovishly normalized today...
And given the last 24 hours, perhaps this information is more useful now, as we return to macro-fundamentals from geopolitical chaos running markets.
The minutes, released three weeks after the meeting, underscore the Fed's dilemma as it seeks to fill its congressional mandates of low inflation and maximum employment.
Fed officials wrestled with starkly differing...
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