This Wednesday, markets await the FOMC minutes for their latest meeting on January 31st, 2024; it is not expected that there will be any significant surprises in the minutes; however, traders will be searching within the text for indications regarding the Fed’s economic projections and what was the Fed’s view on inflation on the meeting day. An overall view of the surprising January Consumer Price Index – US CPI, Producer Price Index – US PPI and US Retail Sales combined, as well as other economic indicators, suggests that inflation rose slightly and economic activity contracted in January; this led traders to ... (full story)