Fed Minutes Show ‘Many’ Officials Think Another Hike Is ‘Appropriate’ – And ‘Soon’

The Fed minutes were already set to be pretty interesting reading as far as Fed minutes go, given the ongoing turmoil in emerging markets and the fact that Jerome Powell has been steadfast in his upbeat assessment of the outlook for the U.S. economy, an assessment that informs his persistent hawkishness. That persistent hawkishness is driving the policy divergence between the U.S. and its trade partners ever wider, to the benefit of the dollar. The stronger the dollar, the easier it is for thos