Fed Minutes Reveal Some Unease (Capital Market Research) (Weekly Market Outlook

Minutes from the Federal Open Market Committee’s May meeting show policymakers were unnerved by the lack of progress against inflation in the first quarter. A number of participants were unsure how restrictive Fed policy actually is and how long it will need to stay there. President Biden’s decision to release gasoline inventory will help to keep summer gas prices in check in the U.S. The White House announced Tuesday a release of 1 million barrels from its reserves in the Northeast.