Flash Gage: Gold Reax Fed Minutes Summary

Fed minutes released just released. Here are the highlights:

  • Fed is worried about low inflation.
  • Fed participants divided on whether to raise rates in December .
  • Some Fed governors say raising of rates should be deferred until raising inflation figures can be confirmed.
  • The Fed is still committed to reducing the balance sheet.

Results/Reactions:

  • CME Watch tool now at 86 percent after showing a high most recently at almost 98 percent for a rate hike in December.
  • Two points worth mentioning after the news was released by a news commentator. He said, this news should benefit the equity markets. Continued low interest rates will give the majority of retirees no choice, but to take risk more looking for higher yields.
  • Gold rallies a few dollars after the news.

Enjoy the rest of your day.

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