Confirmation
The FOMC meeting minutes that was recently on Wed showed that the Federal Reserve is very open to lower rates in the upcoming month.
A majority of them indicated that loosening the monetary policy would be appropriate if inflation data continued to come in as expected.
To me, the minutes were similar to what Powell has shared during his post FOMC meeting press conference. The market was just looking for some form of confirmation.
A majority of them indicated that loosening the monetary policy would be appropriate if inflation data continued to come in as expected.
To me, the minutes were similar to what Powell has shared during his post FOMC meeting press conference. The market was just looking for some form of confirmation.
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