Fed minutes expected to cement dovish about face, U.S. dollar on hold
The Federal Reserve will release the minutes from its Jan. 30 policy meeting at 2:00 PM ET (19:00 GMT) Wednesday and markets are expecting the details to further cement the central bank’s promise to be patient with further interest rate hikes.
Ever since keeping rates on hold at that meeting and dropping its guidance that “further gradual” rate rises will be needed, policymakers appear to have turned 180 degrees and even suggested that they also put the brakes on the normalization process for the balance sheet.
“Quantitative tightening, which Federal Reserve chair Jerome Powell likes to refer to as ‘balance sheet runoff’, is no longer on autopilot,” Investing.com analyst Darrell Delamaide affirmed.
The minutes are expected to confirm the dovish outlook, keeping a lid on the U.S. dollar ahead of the release. At 5:54 AM ET (11:54 GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, inched up 0.03% at 96.38.
พี่เจริญ จะพูดอีกแล้วครับคืนนี้
Fed minutes expected to cement dovish about face, U.S. dollar on hold
The Federal Reserve will release the minutes from its Jan. 30 policy meeting at 2:00 PM ET (19:00 GMT) Wednesday and markets are expecting the details to further cement the central bank’s promise to be patient with further interest rate hikes.
Ever since keeping rates on hold at that meeting and dropping its guidance that “further gradual” rate rises will be needed, policymakers appear to have turned 180 degrees and even suggested that they also put the brakes on the normalization process for the balance sheet.
“Quantitative tightening, which Federal Reserve chair Jerome Powell likes to refer to as ‘balance sheet runoff’, is no longer on autopilot,” Investing.com analyst Darrell Delamaide affirmed.
The minutes are expected to confirm the dovish outlook, keeping a lid on the U.S. dollar ahead of the release. At 5:54 AM ET (11:54 GMT), the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, inched up 0.03% at 96.38.