08 July 2021
5 min read
FOMC Minutes Say It's Coming Home
Straight from the horse's mouth:
OK, maybe they didn't say that.
There was something for everyone in the minutes though.
Think the Fed won't be tapering/tightening for a while yet?
Focus on the bit about 'substantial further progress' not being met yet.
Think the Fed need to get ahead of inflation and tapering is imminent?
Focus on the bit about 'conditions for tapering likely to be met sooner than anticipated at previous meetings'.
Fed keen to be ‘well positioned’ to act on inflation, other risks, minutes show
Federal Reserve officials last month felt substantial further progress on the U.
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