FOMC minutes: Indicators of longer-term inflation expectations are little changed, on balance

The minutes from the Federal Reserve’s July 31-August 1 monetary policy meeting have been published, revealing that the committee

Key highlights (via Reuters)

• Labor market has continued to strengthen and that economic activity has been rising at a strong rate.
• Indicators of longer-term inflation expectations are little changed, on balance.
• Risks to the economic outlook appear roughly balanced.
• The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.