Fed minutes released: 6divided views on the direction of interest rates at the monthly meeting
The Fed 6month 16~17meeting minutes for the 7month 8were released. The minutes revealed differing views among officials on the direction of interest rates, with “a few” officials leaning toward a rate hike. Gold prices weakened on the day before the release, ahead of the minutes.
The Board of Governors of the Federal Reserve System released the minutes of the Federal Open Market Committee meeting held from 6month 16~17day.7month 8day.
The minutes recorded that officials had differing views on the future direction of interest rates.
The minutes stated that some officials believed there was a case for a rate hike at the 6month meeting. The wording used the expression “a few.”
Elsewhere, some members reportedly argued for a more cautious approach, citing inflation and labor market indicators.
Ahead of the release of the minutes, 7month 7day, gold prices weakened. Market participants are said to have reduced their positions while waiting for the minutes.
The minutes record the various views discussed at the meeting and reflect the content of the discussion rather than a specific decision.
These minutes include the release of the minutes from Warsh's first meeting. The document also notes that some members leaned toward raising interest rates.
The full Federal Reserve minutes are expected to be used as an additional clue for the market in conjunction with future economic indicators.
Sources: CNBC Top News,MarketWatch Top Stories,Yahoo Finance
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