The Wednesday release of the January FOMC minutes was not on the top of my mind because I was pretty sure that the policymakers were not about to offer bond traders new clues on where they stand on a rate-cut timeline. They confirmed that they may not begin cutting rates as soon or as much as previously believed, thinking about the risk of easing too early. Yet, there were no signs that they may raise interest rates. On the contrary, many officials believe that the time has come to have a discussion about relaxing the stance of quantitative tightening.
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A Macro Market View by Hubert Marleau