FOMC Minutes Show Fed Members Split Over July Rate-Hike, Fear Financial Risks From Low Rates
by Tyler Durden
ZeroHedge.com
Aug 17, 2016
With Fed speakers attempting to jawbone the current narrative back from the uber-dovish record-high-creating Fed statement, all eyes today were glued on how hawkish the statement would be with regard 2016 hikes – few, some, or many? Since The Fed statement, GDP expectations have crashed to cycle lows but that has not seemed to stop The Fed:
*FED OFFICIALS SPLIT IN JULY ON WHETHER RATE HIKE NEEDED SOON
*A COUPLE FED OFFICIALS BACKED JULY RATE HIKE
*FOMC VOTERS AGREED TO WAIT FOR MORE DATA TO GAUGE ECONOMY
But perhaps most notably, several Fed officials are concerned of financial risks from too low rates.
The Rest…HERE
