🇺🇸 Urgent: The minutes of the U.S. Federal Reserve meeting show that inflation was the biggest threat!
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📢 What's new?
* The minutes of the Federal Open Market Committee (FOMC) meeting in July revealed that the majority of officials viewed inflation risks as greater than concerns about the labor market.
* Although some officials were worried about the labor market, the majority preferred to focus on inflation, especially with uncertainties regarding the impact of tariffs on prices.
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💡 Why is this important?
* This shows that the central bank still prioritizes combating inflation.
* This perspective serves as a signal that the bank may not be in a hurry to cut interest rates until it sees more evidence of declining inflation.
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📈 Future outlook:
* This perspective could affect cryptocurrency markets and financial markets in general, as investors may see that a rate cut may not be imminent.
* Investors are expected to now focus on upcoming economic data, especially related to the labor market, for more clarity.
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