Fed minutes give some flexibility for interest rates this year

19:17 10 April 2019

Minutes from the last meeting of the Federal Reserve do not change much in perceiving perspectives for the US dollar. However, a few interesting sentences appeared in the opinions of the bankers which gives a more flexibility for interest rates this year. This "flexibility"  can be a small hint on cuts, but on the other hands, there are still members that want interest rate increases

  • Fed majority saw risks warranting rates on hold through 2019
  • Several Fed officials noted rate views could shift either way
  • Fed saws significant uncertainties around outlook
  • Several Fed officials concerned yield curve was quite flat
  • Most Fed officials did not expect spending weakness to persist
  • Generally agreed patient was appropriate approach
  • Majority saw rates on hold through 2019
  • Several Fed officials noted rate views could shift either way
  • Some Fed officials saw further modest increase later this year

The dollar is a little stronger after minutes release. Source: xStation5

 

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