"Significant Upside Risks To Inflation": FOMC Minutes

FOMC Minutes Signal Hawkish Fed Fears “Significant Upside Risks To Inflation.” Market expectations for The Fed have oscillated since the last FOMC meeting. Amid a shifting backdrop, traders are keenly watching for the Fed’s growth and inflation stance. Despite the Atlanta Fed’s optimistic +5.8% GDP growth forecast for Q3, the central bank’s discussions suggest further rate hikes could be on the horizon. The labor market remains tight, and while some banks grapple with rising rates, the majority of the Fed’s members seem inclined to adjust rates upwards to counteract inflation.