Stocks, Bonds, & the Dollar Bid as Fed Admits Stagflation Fears

from Zero Hedge

The Fed came clean about its big fear today in the FOMC Minutes:

“The staff continued to judge that the risks to the baseline projection for economic activity were skewed to the downside and that the risks around the inflation projection were skewed to the upside.”

Weaker growth, stronger inflation – the definition of stagflation…

[…] A 25bps rate-hike is now fully priced-in for June next year…

[…] Stocks were mixed on the day. Nasdaq outperformed, The Dow lagged, scrambling to hold unch…

Continue Reading at ZeroHedge.com…