US futures are pointing to a flat open on Thursday, as investors look to get their teeth into the FOMC minutes from the meeting in July. The Federal Reserve has very much come back into focus in recent days after John Williams suggested that a higher inflation target may be more suitable for the US economy in the current environment of sluggish growth. These comments suggest Williams opposes further rate hikes despite certain economic indicators indicating that such a move would be suitable, which poses the question of what other policy makers share this view and is there therefore a reluctance within the Fed to do ... (full story)