Mike Shedlock: Fed minutes raise inflation risk and highlight weaker employment outlook

Mike Shedlock: Fed minutes raise inflation risk and highlight weaker employment outlook
Fed minutes raise inflation risk outlook

Mike Shedlock, author / blogger at MishTalk, reports that the latest Federal Reserve minutes signal increasing risks of inflation while economic projections for GDP have been lowered, and employment prospects have weakened.

These changes point to the Fed’s view of growing economic uncertainty, with inflation risk seen to the upside and employment to the downside.

Shedlock has previously highlighted uncertainty over the location of Iran's frozen assets, indicating that most are likely held in China. He has also questioned characterizing an 8% and falling recession probability as doom porn. These topics reflect his recent focus on shifting economic risks and perceptions.

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