Flash Gage – Fed Minutes Slow Morning Gains

The Fed’s minutes from the March meeting reveal a hawkish tone. Here are the headlines from their March meeting. The Fed:

  • Has more confidence that they will meet their target rate at 2 percent.
  • Agreed a Trade War can compromise economic growth.

  • Discussed shifting to a “neutral“ policy.

  • Feel the economy is in better shape.
  • Believes they will stay on course for predicted rate hikes in 2018 and beyond.

Gold sold off on the news and the market reversed gains from the news earlier today about a Syrian conflict.

Enjoy the rest of your day

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