FOMC Minutes: Policymakers saw recent increase in import prices as consistent with inflation trend in medium term

Felipe Erazo FXStreet

The minutes from the June (13rd & 14th) Federal Reserve’s monetary policy meeting have been published, highlighting that several policymakers saw recent increase in import prices as consistent with inflation trend in medium term.

Key headlines (via Reuters):

Several Fed policymakers were concerned inflation softness might persist due to limited pass-through from resource utilization
Almost all support June hike
Most blamed soft prices on 'idiosyncratic factors'
Officials divided on when to start of balance sheet runoff
Some officials see benefits in deferring balance sheet to later this year

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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