Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Fed Minutes Underscore ‘Transitory’ Narrative, ‘Patient’ Approach
It'll be tempting to write off the May Fed minutes as a bit stale.
After all, the trade narrative has completely changed since Jerome Powell managed to turn a dovish statement into a hawkish lean with another one of his signature "plain English" press conferences.
Traders will parse the meeting account for clues about the consensus around Powell’s “transitory” characterization of the factors weighing on inflation — especially in light of cooler-than-expected reads on wage growth and C
Dr Copper and the Korean Won agree with the 10-year yield, the economy is sick.