Halister News

(Bloomberg) -- Majority on FOMC are “still leaning toward a business-as-usual approach” despite discussion at July meeting about the chances of undershooting 2% inflation target for longer, CIBC economist Royce Mendes said in note.

• FOMC members appear “comfortable moving forward with further tightening”
• “Barring some unforeseen events, we expect the balance sheet run-off to be formally announced next month”
• Few months of “healthy” price increases in 2H will keep December rate hike alive

To contact the reporter on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net

(Bloomberg) -- Minutes will cover the Federal Open Market Committee meeting of July 25-26, when central bankers left the federal funds target in a range of 1%-1.25%.

• Bloomberg will live blog the release of the minutes; follow the TOPLive blog here
• Minutes could “shed greater light” on Fed’s planned balance sheet run-off: Bloomberg Intelligence
  • In statement following July session, FOMC said: “Near- term risks to the economic outlook appear roughly balanced” and “household spending and business fixed investment have continued to expand”

--KRISTIN JENSEN

(Bloomberg) -- “Racism and murder are unequivocally reprehensible and are not morally equivalent to anything else that happened in Charlottesville. I believe the president should have been – and still needs to be – unambiguous on that point,” Campbell CEO Denise Morrison says in statement. To contact the reporter on this story: Kim Chipman in Chicago at kchipman@bloomberg.net To contact the editors responsible for this story: Derek Wallbank at dwallbank@bloomberg.net Bryan Gruley