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Fed Meeting Minutes: Elevating Risks of US Inflation & Unemployment Heighten Uncertainty
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The Federal Reserve released the latest meeting minutes from May 6-7 on Wednesday. According to the minutes, officials noted an escalating risks of inflation and unemployment under the potential impact of tariffs since the March meeting. Officials believed that inflation will rise noticeably this year and be more persistent than expected due to the impact of tariffs and an expected radical weakening of the labor market, increasing the risk of economic recession. A cautious approach is deemed appropriate until the economic effects of a series of policy changes by the US government become clearer, officials opined, who are willing to keep interest rates unchanged for some time. AASTOCKS Financial News Website: www.aastocks.com |
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