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FOMC Minutes Preview: The Risk Is Of A "Less Hawkish" Tilt
The FOMC September meeting minutes will be published on 17 October 2018 at 2pm ET, when the Fed hiked by 25bps and removed the "accommodative" language, which was initially seen as dovish, but subsequent hawkish comments by Fed Chair Powell, according to which the Fed could "overshoot" the neutral rate, which is still "far away" spooked interest rates and prompted a spike in the 10Y yield. As such, Nomura's Darren Shames believes that "…the risk is that the minutes give a less “hawkish” impression than some of Powell’s (and several other Fed members) recent remarks." RATE/NEUTRAL RATE: FOMC hiked rates by ... (full story)
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