FOMC Minutes of the 13 Dec 2017 rate hike meeting
- Most backed continued gradual rate hikes
- Several Fed officials concerned by low inflation expectations
- Generally agreed flatness of yield curve not unusual by historical standards;
- some expressed concern a possible future inversion could portend economic slowdown
- Officials saw modest boost from tax changes
- A few officials saw rate path projections were too low because of financial stability risk
- Some Suggest Studying Price Level, GPD Targeting
- Official Had Debate Over Reasons To Speed Up, Or Slow Pace Of Hikes
- Here’s the link
USD sees a modest move higher on the back of the expectations of more gradual rate hikes:
EURUSD 1.2017 , CABLE 1.3513, USDJPY 112.48, USDCAD 1.2545, AUDUSD 0.7833, NZDUSD 0.7095
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