Hawkish , as always some tweets and sites like zerohedge putting their sh*t to gamble.
A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 31, 2017, at 1:30 p.m. and continued on Wednesday, November 1, 2017, at 9:00 a.m.1 PRESENT: Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell Randal K. Quarles Raphael W. Bostic, Loretta J. Mester, Mark L. Mullinix, and John C. Williams, Alternate Members of the Federal Open Market Committee James Bullard, Esther L. ... (full story)
Federal Reserve officials expressed largely optimistic views of economic growth at their most recent meeting but also started to worry that market prices are getting out of hand and posing a danger to the economy. Minutes from the Oct.31-Nov. 1 Federal Open Market Committee meeting indicate members with almost universally positive views on growth – the labor market, consumer spending and manufacturing all were showing solid gains. While there were disagreements on the pace of inflation, and even a discussion about changing the Fed's approach to price stability, the sentiment otherwise was largely positive. ... (full story)
DislikedIn the first year of rate hikes the FOMC gave to me, a bottom in the Gold Market. In the second year of rate hikes the FOMC gave to me, A non-establishment populist President and a bottom in the Gold Market. In the third year of rate hikes the FOMC gave to me, A Bubble in Bitcoin, a Bubble in Equities, a Bubble in Real Estate, A bubble in bonds, A non-establishment populist President, and a bottom in the Gold Market. In the fourth year of rate hikes the FOMC will give to me, ???Ignored