mishtalk.com / Mike “Mish” Shedlock / February 22, 2017
Fed Minutes of the FOMC Meeting suggest rate hikes are coming “fairly soon”.
Let’s check out the market reaction and how mainstream media played up the minutes.
“In discussing the outlook for monetary policy over the period ahead, many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations or if the risks of overshooting the Committee’s maximum-employment and inflation objectives increased.”
Mish Synopsis: “Rate hikes might be appropriate if something occurs and something else occurs.
How much more vague could the Fed get?
Financial Times Cites Robust Expansion
Here is Financial Times spin from Fed flags Interest Rate Rise ‘Fairly Soon’.
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