As my colleague Fiona Cincotta noted earlier today,“[g]iven the outdated nature of the minutes in light of the recent US - Sino trade dispute escalation and global recession fears, the reaction to the minutes could be limited.” Interestingly, while the international economic outlook has worsened due to new tariffs and an outright contraction in German GDP, US data released since last month’s Fed meeting has generally improved. Since then, we’ve seen a solid (if unspectacular) Non-Farm Payrolls report, a hotter-than-expected CPI report, and a strong retail sales reading. More to the point, Fed speakers in the ... (full story)