Fed Meeting Minutes: Investors’ Concerns Over Downside Economic Risks and Upside Inflation Risks Have Eased
Odaily Planet Daily News: The latest minutes from the Federal Reserve's June meeting show that between the two meetings, policy expectations and U.S. Treasury yields rose moderately, credit spreads narrowed, and stock prices increased. The market focused on the easing of trade tensions; economic data was generally weaker than expected, with the May employment report being a notable exception; and the prospects for fiscal expansion. Overall, these factors led investors to perceive reduced downside risks to economic growth and diminished upside risks to inflation. (Jin10)
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