Wall Street lacks direction ahead of Fed minutes
Today's Minutes release from the last Fed meeting shouldn't be a surprise. The Fed made it clear that there is no need to worry about inflation, because even if it does increase, it should only be a temporary process. Nevertheless, risk should never be underestimated. Markets would want to see whether there was at least some discussion about faster policy tightening amid improving economic outlook. Market sentiment is rather weak today and volatility is very limited. However, today's publication may lead to larger movements in the market.
