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FOMC Minutes Show Fed Ready To Taper Earlier Than Anticipated
Since the last FOMC meeting (June 16th) - when Chair Powell admitted The Fed was talking about talking about talking about talking about tapering - bond (prices) have soared, gold has been dumped as the dollar surged... chart As a reminder, stocks tanked right after the Minutes, exaggerated by Bullard's hawkishness... but were miraculously saved coincidentally right at the moment when The PPT was called to The White House... chart In recent days, the hawkish shift in market expectations that occurred right after the Fed meeting has waned a little... chart Today's Minutes will be all about how much "talking ... (full story)
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