Today's Federal Reserve meeting minutes, in my personal interpretation, are soft hawkish and bearish!
Key vocabulary: The impact of tariff effects on inflation is uncertain and large, asset valuations are too high (bubble)
If we disregard tariffs, the inflation level would be close to the target level!
The unemployment rate is too low, employment is stable!
Today's minutes should, possibly, likely pave the way for Powell's speech at the Jackson Hole annual meeting!
The above is purely my personal opinion and does not constitute any advice. #美联储会议纪要 #杰克逊霍尔会议