Doves Flying High for FOMC – Investec
Research Team at Investec, suggests that the minutes showed the FOMC to
be split in their views, with the doves (led by Chair Yellen) winning
out.
Key Quotes
“They succeeded in
raising their concern on global risks and the need to factor it into the
committees decision making process, even though only a minority of
voters believe global risks would influence the US outlook
significantly. The minutes also show the FOMC debated the merit of an
April hike, although several members concluded it would be an
'inappropriate sign of urgency'.
The US Dollar index lost ground
and most Asian stock indexes climbed after the reasonably dovish Fed
minutes reduced the likelihood of an April rate hike and showed US
policy makers aren’t rushing to raise interest rates.”
(Market News Provided by FXstreet)
