woensdag 9 april 2014

FOMC Meeting Minutes

The FOMC Meeting Minutes are out, you can find the release here.

What is most important to me is this:

Inflation continued to run below the Committee's 2 percent longer-run objective over the intermeeting period. A couple of participants expressed concern that inflation might not return to 2 percent in the next few years and suggested that a protracted period of inflation below 2 percent raised questions about whether the Committee was providing an appropriate degree of monetary accommodation.

Translated: "Maybe we should stop tapering."

Result: Gold, bonds, stocks up. U.S. dollar down.

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