by Yeo Boon Ping
CNBC.com
What you need to know today
Fed cautious about inflation and Trump’s policies
At their December meeting, U.S. Federal Reserve officials expressed concern that inflation would stubbornly remain above the central bank’s 2% target, and over the possible impact of U.S. President-elect Donald Trump’s policies. Consequently, officials would be moving more slowly on interest rate cuts, minutes released Wednesday showed.
Stocks shrugged off inflation concerns
U.S. stocks eked out a small gain on Wednesday even though the 10-year Treasury yield
touched to its highest since April following the release of the Fed’s minutes. The pan-European Stoxx 600 index lost 0.19%, relinquishing earlier gains after flash data by the European Commission showed that EU economic sentiment indicator had dropped 1.7 points in December.