US FOMC Meeting Minutes

The FOMC Minutes from the April meeting fired a warning shot across the bow for bond investors and Fed Chair Kevin Warsh. Inflation concerns had already moved to center stage for many participants as early as April, according to the Minutes. Participants “generally” judged that elevated inflation could require keeping the fed funds rate unchanged longer than they had previously anticipated. A “majority” of participants highlighted that “some policy firming would likely become appropriate if inflation were to continue to run ...

Precious metal prices experienced downward pressure during Thursday’s Asian session following the release of Federal Reserve policy meeting minutes that indicated potential interest rate increases. The decline occurred against a backdrop of ongoing geopolitical tensions in the Middle East. Spot gold decreased 0.4% to reach $4,526.48 per ounce. Gold futures contracts similarly retreated 0.4% to trade near equivalent levels. The readout from the central bank’s late-April gathering indicated a substantial majority of committee members ...

Federal Reserve officials showed growing support at their April meeting for taking the first step toward a possible interest-rate hike, according to minutes of the meeting released Wednesday. Policymakers said that high energy prices and tariffs were continuing to put upward pressure on overall inflation. "The vast majority of participants noted the increased risk that inflation would take longer to return to the Fed's 2% objective than they had previously expected," the minutes read. In April, the Fed left rates unchanged, in a ...

A majority of Federal Reserve officials at their most recent meeting anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation, according to minutes released Wednesday. Though the rate-setting Federal Open Market Committee again voted to keep its benchmark rate targeted between 3.5%-3.75%, the meeting featured four “no” votes, the most since 1992, and an apparently heightened level of disagreement about where policy should go. At issue was the impact that the Iran war would have on ...

Today's FOMC minutes, released at 2pm ET, will be closely watched for further details surrounding the increasingly hawkish split within the Committee following the April meeting, Jerome Powell's last as Fed Chair. With three voters dissenting against retaining the easing bias - and Fedʼs Collins later suggesting she would have supported removing it too - markets will look to see how broad support was for removing the easing bias, particularly after Powell said more officials now view a hike just as likely as a cut, according to ...

Risk appetite is recovering on reports that 3 tankers crossed the Strait of Hormuz, but traders remain hesitant to commit ahead of the FOMC minutes and Nvidia (NVDA) earnings later today. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the Nasdaq 100.

The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months. Minutes of the Fed's March 17-18 meeting, released Wednesday, showed that “some” of the central bank's 19 policymakers on its rate-setting committee supported changing their post-meeting statement to reflect the potential for a future rate hike. That is an an increase from “several” in January. ...