Fomc Minutes Show Fed Concerned Over Economic Growth

The FOMC minutes from the last meeting just came out, and paint a picture of a Fed that is finally concerned with the growth prospects of the economy, even though all the Fed-heads ever talk about in their speeches is inflation.Here are the highlights:Fed raises core inflation forecast to 2.0%-2.2% from 1.7%-1.9%Fed says decisive rate cut seen as ’reducing economic worries’Fed raises total inflation forecast to 2.1%-2.4% vs 1.8%-2.1%Fed Minutes says 50-basis-point ra[...]

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[Source: The Money Blogs]