CNBC Power Lunch July 14, 2024
Warranted in order to shore up Inflation Expectations and a couple participants james bullard, one of them, wanted to acut rates to allay concerns about inflation the minutes show officials felt the increase in uncertainty was a relatively recent phenomenon and there had been staff discussion about the sensitivity of markets to the trade fights with mexico and several officials felt they wanted to wait for more information on the trajectory of the economy before reaching a final conclusion. However, the minutes also show that the fed realizes that markets have baked in a rate cut relatively so...