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Re: trdwatch post# 13351

Wednesday, 07/08/2015 2:42:26 PM

Wednesday, July 08, 2015 2:42:26 PM

Post# of 41155
http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20150617.pdf

Most members agreed that the recent
stability in crude oil prices had increased their confidence
that the downward pressure on inflation from
earlier declines in energy prices was abating, and some
noted the recent stability of the foreign exchange value
of the dollar, which could eventually stem the decline in
prices of imports.



Industrial production decreased during April and May
after declining in the first quarter. The output of both
the manufacturing and mining sectors fell over the past
two months, likely reflecting the continuing effects of
earlier increases in the foreign exchange value of the dollar
and lower crude oil prices.



However, many
participants expressed concern that a failure of Greece
and its official creditors to resolve their differences could
result in disruptions in financial markets in the euro area,
with possible spillover effects on the United States.

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