zerohedge.com / by Tyler Durden / Aug 16, 2017 2:03 PM
Since the July 26th ‘nothingburger’ FOMC statement, Nasdaq is down but bonds and bullion are higher as domestic politics and global war have trumped monetary machinations. All eyes in today’s Minutes will be on any mention of inflation and the balance sheet. The Fed sees inflation “picking up over the next couple years” but this came before last week’s dismal CPI/PPI data (and they noted “downside risks”), and confirmed that they will make a balance sheet move “at upcoming meeting.”
- *MOST FED OFFICIALS SAW INFLATION PICK-UP OVER NEXT COUPLE YEARS
- *MOST FED OFFICIALS BACKED B/SHEET MOVE AT `AN UPCOMING MEETING’
However, The Fed is worried about inflation:
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