The bulk of the evidence suggests that inflationary pressures are abating
The Fed minutes for their June 14-15 meeting were released today, and they explained why the Fed took such aggressive action on interest rates: “The near-term inflation outlook had deteriorated since the time of the May meeting,” the minutes said. “Participants were concerned that the May CPI release indicated that inflation pressures had yet to ...continue reading "The bulk of the evidence suggests that inflationary pressures are abating"