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- Fed’s minutes: a tone sounds dovish
Fed’s minutes: a tone sounds dovish
The Fed released its minutes from the latest meeting on Wednesday. A tone of the Fed's minutes was dovish.
Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar. Policymakers were concerned that a stronger U.S. dollar might slow the rise in inflation toward the Fed's inflation target of 2%.
Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.
The minutes said that "considerable time" could be misunderstood as a commitment.
The Fed minutes could lead to the opinion that the Fed's interest rate will remain low for a longer period.
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