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USD: Trading The FOMC Minutes - Views From 12 Major Banks
The following are brief expectations for today's FOMC minutes from the September meetingas compiled from the related research reports of 12 major banks. BofAML Research:The FOMC minutes should be closely examined for the following: 1) conviction about the December hike; 2) reason for the downgrade to the longer-run path forfed funds rate; 3) debate over the reasons for low inflation; and 4) influence of easy financial conditions on policy decisions BTMU Research:The market already appears well priced now for a December Fed rate hike. We do not expect the release later today of the latest FOMC minutes to materially ... (full story)
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