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

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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