The minutes of the US Federal Reserve’s meeting two weeks ago, released moments ago, showed that many Fed members saw inflation as much higher than the committee’s target and inflationary risks to the upside and would have preferred a half-point hike at the previous meeting.
Regarding the Fed’s balance sheet, members agreed to set a monthly ceiling of about $60 billion for Treasuries and $35 billion for MBS bonds, as members agreed that the Fed was in a new position to start reducing the balance sheet even before the May meeting.
The US dollar interacted positively with the minutes, as investors saw more strictness than the Fed members, as the general index of the US dollar traded at 99.67 levels.
02/11/2024
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