‘Hawkish’ FOMC Minutes Shows ‘Majority’ Fear Higher Inflation More Than Lower Employment Since the last ‘dovish’ FOMC statement (and Powell’s post-statement ‘hawkish’ presser) on July 30th, we have had ‘cool’ payrolls print and ‘hot’ inflation prints with retail sales mixed… and now everyone is anticipating Friday’s speech by Powell at Jackson Hole. So, maybe these Minutes will be a nothingburger… Source: Bloomberg Overall, rate-cut expectations are higher… Source: Bloomberg …with September price-in as almost a done-deal for a cut… Source: Bloomberg Markets have generally gone nowhere in that time (except for crude prices, which have plunged on the heels of… — Continue at ZeroHedge News : Read More
