FOMC Meeting Minutes


The FOMC Meeting Minutes are out, you can find the release here.



What is most important to me is this:



Inflation continued to run below the Committee's 2 percent longer-run objective over the intermeeting period. A couple of participants expressed concern that inflation might not return to 2 percent in the next few years and suggested that a protracted period of inflation below 2 percent raised questions about whether the Committee was providing an appropriate degree of monetary accommodation.





Translated: "Maybe we should stop tapering."



Result: Gold, bonds, stocks up. U.S. dollar down.

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