US FED MINUTES:
- Several Officials Said Current Rate May Not Be Far Above Neutral - Minutes
- Several Flagged Risk Of Inflation Expectations Anchoring
- Many Noted Full Effect Of Tariffs Could Take Some Time
- Majority Saw Employment Risk Outweighed By Inflation Risk
- Several Noted Concerns About Elevated Asset Valuations
- Several Expected Firms Would Pass Tariffs To Customers
- Indicate Participants Agree on a Strong Statement for Different Economic SituationsThe Fed Must Act On Tariffs' Inflation Effects Without Full Clarity.
- Fed Minutes Show Nearly All Members Support Keeping Interest Rates Steady At 4.25% To 4.50%.
(Meeting minutes indicates less dovish policy stance on interest rates)
RELIANCE
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