FOMC Minutes Show Fed Members Split Over July Rate-Hike, Fear Financial Risks From Low Rates

Wednesday, August 17, 2016
By Paul Martin

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

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