The minutes from the last Fed meeting are out, and they show that the Fed recently became even more concerned about economic growth contracting. Here are the highlights:Most Fed officials see inflation moderating later in ’08,’09Fed says judge recent inflation data ’disappointingFed recognized rate policy alone could not solve problemsMany Fed officials judged a contraction in GDP ’likely’Fed says greater uncertainty about inflation outlookFOM[...]
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[Source: The Money Blogs]
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