Report

Minutes: (Baseless) Fear of Low Inflation Caused FOMC to Back Off in June

posted by Michael Lewis on July 06, 2016

Found in US, categorized in Macro

Tags: FMI michael lewis June FOMC minutes

Report Cover

Headline

the FOMC’s dovish majority was motivated principally by fears that inflation would remain stubbornly “too low.” FOMC will have little choice but to resume hiking rates before year-end.

Abstract

The minutes of the June 14-15 FOMC meeting contained no bombshells, but they did clear up a few minor mysteries. And they underscored FMI’s initial assessment that the FOMC’s dovish majority was motivated principally by fears that inflation would remain stubbornly “too low,” rather than by any anxiety over the weak May jobs report.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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