The Nordea Markets analysts offer their afterthoughts on the US Federal Reserve (Fed) Oct meeting minutes released on Wednesday. Key Quotes: “The FOMC minutes revealed that the Fed is done for now. The Committee is still split and acknowledges persisting uncertainties. Recent money market volatility was a big theme in the minutes, and while everybody agreed that the plan to purchase Treasury bills should not be confused with another round of QE, there were some disagreements over the appropriate level of bank reserves, the pace of T-bill purchases and how to best provide liquidity in the future (ie frequent repo operations vs. a standing repo facility). Tonight’s minutes do not change our view on the Fed. We think the Fed will cut again in March, thereby totalling four cuts in this so-called mid-cycle. Thus, growth momentum remains weak and we expect a further slowdown with weaker ISM prints and payrolls, prompting the Fed to reassess its “moderate growth outlook”. On top of that, inflation expectations are still close to historical lows while we also see a clear risk of a correction in the equity and credit markets.” 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 Litecoin price analysis: LTC/USD trends in a downward channel formation FX Street 3 years The Nordea Markets analysts offer their afterthoughts on the US Federal Reserve (Fed) Oct meeting minutes released on Wednesday. Key Quotes: "The FOMC minutes revealed that the Fed is done for now. The Committee is still split and acknowledges persisting uncertainties. Recent money market volatility was a big theme in the minutes, and while everybody agreed that the plan to purchase Treasury bills should not be confused with another round of QE, there were some disagreements over the appropriate level of bank reserves, the pace of T-bill purchases and how to best provide liquidity in the future (ie frequent repo… 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.
