Fed Minutes Reveal Concerns Over High Inflation as Markets Focus on Powell's Remarks
According to ChainCatcher, citing Jinshi News, the minutes of the Federal Reserve's July meeting show that policymakers are more concerned about high inflation than about a slowdown in the labor market, leading to a slight rise in the US dollar. The minutes noted, "Most participants believe that the risk of rising inflation outweighs the risk of a slowdown in the labor market." Analysts stated that the meeting minutes are "somewhat outdated," and the market reaction has been relatively limited. Currently, attention is shifting to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium.
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