Fomc Minutes Show Continued Concern On The Part Of The Fed

Here are the highlights from the just released minutes of the most recent FOMC meeting:Fed says cuts ’08 GDP forecast to +0.3-1.2% from +1.3-2% Fed says they expect U.S. GDP to contract slightly in 1st half 2008, recover in 2nd half Fed says food, energy prices to keep boosting overall inflation Fed says core inflation improvement probably temporaryFed says that most members viewed growth risk still to ’downside’ Fed says unemployment to rise i[...]

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[Source: The Money Blogs]