Fed meeting minutes point to concerns about lack of progress on inflation😳

Key points:

1️⃣Participants noted that although inflation declined over the past year, there has been a lack of further progress towards the Committee's 2 percent target in recent months.

2️⃣The minutes also showed that “various participants stated a desire to tighten policy further should inflation risks materialize in a way that makes such action appropriate.”

3️⃣The meeting came after a series of readings that showed that inflation is more stubborn than officials expected at the beginning of 2024.

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