Fed Minutes Warn of Spreading Inflation Amid Split on Next Hike — SkimNews
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- Fed officials feared in recent meeting minutes that inflation pressures could spread through the broader economy, per Axios
- Fed Governor Christopher Waller said more rate hikes are needed, per CNBC
- A top Fed official cast further doubt on a rate rise this month, per the New York Times
- Treasury yields rose as investors awaited a 30-year bond auction, per CNBC
- The Federal Reserve was unanimous about raising rates, per a cut-off headline in the source
Why it matters: The Fed is sending mixed signals into its next decision: minutes show broad concern about inflation spreading, Waller publicly backs more hikes, yet another top official questions whether a hike is warranted this month — a split that traders are pricing in through rising Treasury yields.
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