Monday, August 15, 2016

As Economy Gyrates Through Tepid Growth, Fed Minutes May Offer Clues

By Market Watch, Aug 15, 2016 

In March, policy makers tilted dovish and discussed “global economic and financial risks.” In April they turned more hawkish and dropped hints that a June rate hike might well be in the cards. But by the time of the June meeting, they were fretting about global headwinds again and suggested the upcoming U.K. referendum was a concern. By July, with the Brexit vote over and market turmoil subsiding, the Fed seemed somewhat more open to the possibility of resuming rate hikes.

On Wednesday, policy makers will release minutes from that July meeting, and analysts hope they’ll contain some clues about how committed the Fed is to trying to raise rates despite various headwinds stacked against them.

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