FOMC Minutes Show Cornered Fed “Likely” To Hike Rates In June
by Tyler Durden
ZeroHedge.com
05/18/2016
The supposedly dovish April FOMC statement – as global fears fell and turned domestically – has left bonds and bullion the winners and stocks the losers as investors lose faith in The Fed’s forecast and economic promises. Today’s FOMC meeting minutes suggest an increasingly cornered Fed will pull the trigger iun June with member disagreements brewing…
*MOST FED OFFICIALS SAW JUNE HIKE `LIKELY’ IF ECONOMY WARRANTED
*FED: RANGE OF VIEWS ON WHETHER DATA WOULD SUPPORT JUNE HIKE
Of course, no matter what narrative the market perceives from these minutes, tomorrow’s speeches by Dudley and Fischer (who has been conspicuously quiet recently) will likely give the biggest hint as to what happens next.
The Rest…HERE
