Fed Hints At T-Bill Taper In Second Quarter (And Other Highlights From The January Minutes)

Fed Hints At T-Bill Taper In Second Quarter (And Other Highlights From The January Minutes)

To be sure, what market participants should be looking for from the January Fed minutes is some manner of nuanced discussion from policymakers about what the committee plans to do in the event the global economy continues to underperform, perpetuating dollar strength and thereby raising the odds of imported disinflation. The fallout from the coronavirus epidemic will likely dent US economic growth, but the rest of the world will almost surely take a much bigger hit. That raises the odds of the
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