-
The FOMC Minutes: To Confirm September?
There will be a lot of attention on tomorrow’s release of the FOMC Minutes, even though not much happened then. Essentially, the last time around, the Fed simply punted the decision forward by a month. That was after three months in which headline inflation had been ticking higher, even though the core rate kept coming down. Now, the situation is a little different, with inflation having turned around. All three of the main CPI measures (headline, core, PEC) are trending lower. That might give the impression that the minutes would be out of date. But it’s actually common for members to ‘revise’ their comments ... (full story)