Inside the Fed’s May Meeting: The Annotated Minutes
How much does the central bank fear a flattening yield curve?
In its May statement, the Federal Reserve emphasized the symmetric nature of its 2 percent inflation target in keeping rates unchanged. With the release of minutes from that meeting on Wednesday, we'll learn just how much monetary policymakers really see eye-to-eye as price pressures mount.
A second reference of the central bank's "symmetric" inflation target gave market participants the impression that annual price increases above 2 percent would not necessarily elicit a much more aggressive pace of tightening.