The January Fed minutes have been released. Here are the highlights:
- Further “gradual” increases in rates are expected
- Members debating whether inflation will be an issue
- Members are less hawkish on future rates
- The price of Gold and equities are on the rise after the news
Anytime the Fed sends out a signal that the Street interprets as “DOVISH “ both the price of Gold and Equities will rally.
After the news, the U.S. Dollar sold off from its highs and the yield on the Ten-Year Treasury Bond was back below 2.9 percent after reaching an intraday high of 2.9147 percent.
Enjoy the rest of your day.
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