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Inflation to Remain Key to Fed Minutes

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Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation.Minutes of the U.S. central bank’s Dec. 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discussion when they are published Wednesday in Washington. A review of the closed-door debates at FOMC meetings since Yellen took over as Fed chair in 2014 shows the number of mentions of “inflation” in November surged to 84, the most of her tenure.

Source: All Talk, Few Answers From FOMC for Yellen’s Long Inflation Miss – Bloomberg

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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