{"id":42348,"date":"2023-02-23T05:30:00","date_gmt":"2023-02-23T05:30:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=42348"},"modified":"2023-02-23T20:26:10","modified_gmt":"2023-02-23T20:26:10","slug":"market-insight-fed-minutes-breakdown","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-insight-fed-minutes-breakdown\/","title":{"rendered":"Market Insight – Fed Minutes breakdown"},"content":{"rendered":"\t\t
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The release of the FOMC meeting minutes showed 50 basis points again, and some Fed members wanting rates to be hiked interest rates are now seen peaking in the 5.25-5.5% range in June.<\/p>

Money markets imply around a 30% chance that they go an extra 25 bps higher to the 5.50-5.75% range by July. This triggered a rally in the US Dollar Index<\/a> and US treasury yields<\/a>, particularly at the short end of the curve, and has been weighing on US stocks as of late.<\/p>

The meeting minutes said that FOMC members expect further increases to interest rates will be necessary to ensure that inflation comes sustainably back to the 2.0% target.<\/p>

Inside the release, it stated that \u201cAlmost all\u201d FOMC members backed the slowdown to 25 basis points rate hikes and \u201cUpside risks to the inflation outlook remained a key factor shaping the policy outlook.\u201d<\/p>

The minutes stated, while a few officials warned that \u201cinsufficiently restrictive\u201d stance could hamper progress on bringing down inflation.<\/p>

The latest Fed meeting minutes release comes after financial markets have spent the last few weeks increasing their Fed tightening bets, as seen by the Fed funds rate.<\/p>

In late January, most analysts were forecasting just two more 25 basis points interest hikes and one at the February meeting, which was delivered, and then a final one at the March meeting.<\/p>

Some market participants were even betting that the 25 basis points rate hike in February might be the Fed\u2019s last this cycle.<\/p>

That was represented by the fact that, at the time, the money market implied the probability of no rate hike in March, and rates remaining in the 4.50-4.75% range, was around 20%, as per CME data.<\/p>

Basically, this month\u2019s string of stronger\/hotter-than-expected US data releases, including the January jobs report, CPI report, and ISM PMI survey results, has triggered a big shift in the market\u2019s expectations.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The release of the FOMC meeting minutes showed 50 basis points again, and some Fed members wanting rates to be hiked interest rates are now seen peaking in the 5.25-5.5% range in June. Money markets imply around a 30% chance that they go an extra 25 bps higher to the 5.50-5.75% range by July. This […]<\/p>\n","protected":false},"author":4,"featured_media":14431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[42,69,40,71],"yoast_head":"\nMarket Insight - Fed Minutes breakdown - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-insight-fed-minutes-breakdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Insight - Fed Minutes breakdown Market Insight - Fed Minutes breakdown\" \/>\n<meta property=\"og:description\" content=\"The release of the FOMC meeting minutes showed 50 basis points again, and some Fed members wanting rates to be hiked interest rates are now seen peaking in the 5.25-5.5% range in June.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-insight-fed-minutes-breakdown\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-23T05:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-23T20:26:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/08\/GettyImages-1305848161.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Insight - 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