The minutes of the Federal Reserve’s January policy meeting are due to be published on Wednesday at 19:00 GMT and will be inspected for confirmation that the world’s most important central bank is on hold for the foreseeable future. However, since January, policymakers, including Chairman Jerome Powell, have been pretty consistent in signaling that the Fed is in wait-and-see mode, hence, the focus of the minutes will be on possible changes to the balance sheet reduction plan. Although the Fed’s dovish pivot has already been priced into the US dollar, clearer hints of an early end to shrinking the balance sheet could ... (full story)