Minutes of the Federal Open Market Committee

thats very bad for usd, sell usd long time

Do I alone find the tone dovish or is it actually dovish and the markets decide to go the other way?

confusing to me, not very specific on direction

hhahah ...all day shaking the mountains and in the end nothing

Thats good for usd buy usd

The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run." ???

The concern is serious enough that "several" Fed officials felt it would be "prudent" to plan for other ways to stimulate the economy if low rates become permanently embedded.

Lets get this right
Feds know pushing USD higher will result OIL dropping below 40
resulting thousands losing their jobs due to unprofitability factor.
Add Exports,Steel,Heavy equipment makers like Caterpillar which recently laid off 10k workers and stock market serious volatility then
it makes sense not to rock the already overheated market.
This does not sound Feds are getting ready for Dec hike.More like stop getting too excited.

In hind sight they've stated that they will live without achiveing the 2% inflation target and will assess rate decision in Dec with the medium term outlook on inflation to increase even with monatary policy intervention.

I dont think FED gonna raise interest rate even in December.. All could be a bubble just need to bust... they are just gonna say "Sorry, Better luck next time "

It was all paradoxical! I think the ECB and Bank of Japan will run the show on Thursday and Friday.

Low rate until 2020 it seems to me.

"In assessing whether economic conditions and the medium-term economic outlook warranted beginning the process of policy normalization at this meeting, members noted a variety of indicators, including some weaker-than-expected readings on measures of labor market conditions, AND ALMOST ALL MEMBERS AGREED IT WAS APPROPRIATE TO WAIT FOR ADDITIONAL INFORMATION to clarify whether the recent deceleration in the pace of progress in the labor market was transitory or reflected more persistent factors that might jeopardize further progress."

We are all about a December rate hike, well, except for that pesky "additional information"

all the day everybody is waiting but at the end Fed do nothing in my view neither buy USD nor sell

They have to wait for the BoE to do it first, so not until 2017 at least

Nothing change, Nothing serious. USD remains strong for the next couple of days (weeks), because of speculation. For me it seems less than 20% chance to increase the interest rate in December. Oil price need to be higher, or need a small war again (to use oil)

sounds like rate hike unlikely

But market likely to keep "pricing in" rate hike for next year, as it has been doing or the past 12 months

usd corections folr while. and strong again

There's only one way to trade any news announcement - if it spikes into support or resistance, wait for price to reverse to the opening price and then go in that new direction. Took 20 pip GBUS scalp just now.

Look for that spike at other news events - works quite well.

For me, the NZD/USD is the best pair to trade now. It is time to sell it to gain more than 100 pip as a piece of cake.

Thanks a lot Fed :d .

The party's over. The trouble is, most folk don't realise it. The markets can't go on pricing in a probable rate hike which increasingly looks like it's not going to happen. When this realisation dawns, the bubble will burst and the mighty dollar will take a tumble.

if they are not going to raise interest in Dec they will never do that

if the meeting consensus is to continue with plan to hike rates, why are the markets reacting in a bullish way? shouldn't it be the opposite and go down instead?

@tradingberg Because this is the exact same thing they been doing for last couple of years, whenever everyone was excepting a hike was certain. Suddenly, they changed tactics from "Hawkish" (October Statement) to "Moderate" (Meeting Minutes) to ultimately not raising rates. Everyone is now familiar with this pattern now.

Because it seems that all they do is talk about it. And then when the time comes they don't pull the trigger. Same song every time since spring 2015, so people are getting tired of their "consensus".

the market will never do what you expect it to do - it may starting reacting tomorrow or next week when you dont expect it.

also the EUR/USD has not reacted to is - so perhaps the minutes did not make any significant diff to the market view before seeing the minutes

Excellent remarks, You need to put on hold till you find consistency or If there is need of More stimulus from ECB, then if ECB needs more QE, then possible how Fed can hike, because both euro and dollar are the strongest currencies with jpy, But policies are completely different or opposing but still Fed need more evidence that they are on path of consistently moving ahead and hold complete control to revere the policy if and ever it is needed.

Back to you.

Maybe all of this just games, they (Fed) only speak speak, and do nothing. From ECB also waiting a "surprise".

they will do their hike just have to patient. this has been in the works for many years, just need to stop reading all the news and getting all hyped up about it,

just another drama to create volatility.
don't take it seriously guys. wkwkwk

i will wait for December meeting for one last time.

Already EUR/USD turned up BULLISH in yesterday's chart.

sell off for USD, FOMC meeting just for create volatility, hmmm, this is not good for saved USD

get a $ bargain while it's on offer folks

waitting for a big Move in End of the year !
EURUSD and GOLD can shoot to Sky next 4 week !!!!


Lets See !

....but not until the FED says, "we don't believe the time is right".

...which I'm betting will be next month.

read what is written in the minutes and calculate the interest rate, if you have passed high school math!

The relation between real and nominal interest rates and the expected inflation rate is given by the Fisher equation

1+i = (1+r) (1+\pi_e)

where

i = nominal interest rate;
r = real interest rate;
\pi_e = expected inflation rate.