Fed meeting minutes: Investors views on downside risks to economic growth and upside risks to inflation have weakened
Odaily News The latest minutes of the Feds June meeting show that between the two meetings, policy expectations and U.S. Treasury yields rose modestly, credit spreads narrowed, and stock prices rose. The market is concerned about the easing of trade tensions; economic data generally weaker than expected, but the May employment report is a notable exception; and the prospect of fiscal expansion. Overall, these factors have led investors to weaken their views on the downside risks to economic growth and the upside risks to inflation. (Jinshi)
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