According to Danske Bank analysts, there was not much news in the FOMC minutes released last night. Key Quotes “The minutes revealed that while the committee was much divided, the initial cut should be seen as a mid-cycle adjustment and not the start of an aggressive easing cycle.” “Also, the Fed stressed it wanted flexibility/optionality and that monetary policy was not on a pre-set course. All in line with Fed chair Powell’s message at the press conference that left market participants a bit disappointed.” “We want to emphasise that one should not put too much weight on the minutes given that much has happened since the meeting. The trade war has escalated further and we no longer expect a trade deal on this side of the US presidential election. The economic indicators from Europe and China have been weaker than anticipated.” “The US 2s10s yield spread inverted briefly last week and inflation expectations have dropped further. Hence we still expect the Fed to deliver more cuts.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD is very strong in nominal terms – Westpac FX Street 4 years According to Danske Bank analysts, there was not much news in the FOMC minutes released last night. Key Quotes "The minutes revealed that while the committee was much divided, the initial cut should be seen as a mid-cycle adjustment and not the start of an aggressive easing cycle." "Also, the Fed stressed it wanted flexibility/optionality and that monetary policy was not on a pre-set course. All in line with Fed chair Powell's message at the press conference that left market participants a bit disappointed." "We want to emphasise that one should not put too much weight on the minutes given… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
