Inflation before raising rates again. Toricane effects are going make the data hard to read in the coming months. Inflation is going to be temporarily boosted by the hurricane. Unlikely to materially alter mediumterm economic activity. The labor market seems to be looking good to the federal reserve. They noted that the Unemployment Rate is back to prerecession levels. The fed is feeling pretty good the unemployment situation and inflation moving back up to 2 . They are getting a little bit wary about the slowdown in inflation. I think the keywords are that many officials are concerned that the low inflation thing is not just a transitory effect. Lets get a check on the Market Reaction to fed minutes. Julie right now we are not seeing much of a stock reaction. Its an unusually tight trading range and Small Movement even for stocks given the recent environment we have seen. Lets take a look at the intraday chart to see if any move is any more clear for the s p 500. We are not seeing muc