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Minutes of the Federal Open Market Committee
The manager turned first to a discussion of global financial markets. Sovereign yields rose sharply across many advanced economies with much of the increase concentrated in measures of inflation compensation. In the United States, the five-year measure of inflation compensation based on Treasury Inflation Protected Securities (TIPS) rose by around 45 basis points. Far forward measures of inflation compensation also rose, but by modest amounts. In the Open Market Desk’s surveys of primary dealers and market participants, the median forecast for headline PCE inflation in 2021 was revised up notably. Median forecasts ... (full story)
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FOMC: "The staff continued to judge that the risks to the baseline
— zerohedge (@zerohedge) November 24, 2021
projection for economic activity were skewed to the downside and that the risks around the inflation projection were skewed to the upside."
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FED MINUTES: THE FED'S INFLATION OUTLOOK WAS REVISED UPWARD.
— Breaking Market News (@financialjuice) November 24, 2021
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FED MEMBERS AGREED THAT THE POST-MEETING STATEMENT WOULD NOTE THAT SUPPLY AND DEMAND IMBALANCES DUE TO THE PANDEMIC AND THE REOPENING OF THE ECONOMY HAVE CONTRIBUTED TO SIGNIFICANT PRICE HIKES IN SOME SECTORS.
— Breaking Market News (@financialjuice) November 24, 2021
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FED MINUTES: SEVERAL PARTICIPANTS EMPHASISED THAT IF INFLATION CONTINUED TO RUN HIGH, THE COMMITTEE SHOULD BE PREPARED TO MODIFY THE PACE OF ASSET PURCHASES AND RAISE THE TARGET RANGE FOR THE FEDERAL FUNDS RATE SOONER THAN EXPECTED.
— Breaking Market News (@financialjuice) November 24, 2021