2024-05-23 12:31:32 ET
Summary
- The Fed minutes read much more hawkishly than expected.
- The Fed is not nearly as confident on the path of inflation as previously thought.
- The odds for rate hikes are better than what would have been thought at this point.
The FOMC minutes read much more hawkishly than markets would have expected, and they really do call into question whether rate cuts will come in 2024 at all. In addition, the minutes indicate that Fed officials are questioning the level of policy restrictiveness and the possibility of raising rates again if needed....
Read the full article on Seeking Alpha
For further details see:
Hawkish Fed Minutes Indicate Rate Hikes Could Still Be Coming