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HomeFed Minutes Flashing Caution
Posted by Larry Doyle on July 14th, 2010 3:24 PM |
The Federal Reserve just released the minutes from a June 22-23 meeting and an early May conference call. The Fed as an institution is always careful in its delivery, but in reading through their tea leaves this afternoon I sense concern on the Fed’s part of a real slowing, if not a double dip, in our economy. A summary of the Fed minutes includes the following highlights:
FOMC participants’ forecasts for economic activity and inflation suggested that they expected the recovery to continue and inflation to remain subdued, but with, on balance, slightly weaker real activity and a bit lower inflation than in the projections they made in conjunction with the April 2010 FOMC meeting. (more…)
