FOMC Minutes Confirm Economy Not Ready For Rate-Hike This Year, Worried About Inflation, “Global Risk”
by Tyler Durden
ZeroHedge.com
10/08/2015
Given the tumble and stock save since September’s infamous “chickening out” FOMC Meeting, investors hope today’s minutes will provide some color on just how close Janet and her merry men were to pulling the trigger:
*FED OFFICIALS SAID `PRUDENT’ TO WAIT FOR CLARITY ON OUTLOOK
*FOMC MINUTES: MOST PARTICIPANTS SEE LIFTOFF CONDITIONS MET THIS YR
*FOMC MINUTES: ALL BUT ONE MEMBER SAID ECON COND DIDN’T WARRANT HIKE
With all the blame pinned on global turmoil (which has now “calmed” apparently) the S&P 500 has roundtripped to unchanged post-FOMC and given these minutes which suggest this was not a close-call at all. However, this was before the Sept payrolls data.
The Rest…HERE