No Real Reaction to FOMC Minutes
12-Jul-11 14:05 ET Dow -9.42 at 12496.34, Nasdaq -10.80 at 2790.90, S&P -0.51 at 1318.98 Stocks haven’t had much of an immediate reaction to the minutes from the most recent FOMC meeting. According to the minutes, a few members noted that, depending on how economic conditions evolve, the Federal Open Market Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run. On the other hand, a few members viewed the increase in inflation risks as suggesting that economic conditions might well evolve in a way that would warrant the Committee taking steps to begin removing policy accommodation sooner than currently anticipated.
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