Fed’s minutes: a tone sounds dovish

Market news

9 October 2014

Fed’s minutes: a tone sounds dovish

The Fed released its minutes from the latest meeting on Wednesday. A tone of the Fed's minutes was dovish.

Some FOMC member expressed concern about the global slowdown and about the impact of a stronger U.S. dollar. Policymakers were concerned that a stronger U.S. dollar might slow the rise in inflation toward the Fed's inflation target of 2%.

Most FOMC members said that interest rate hike will depend on depend on data and not a calendar date.

The minutes said that "considerable time" could be misunderstood as a commitment.

The Fed minutes could lead to the opinion that the Fed's interest rate will remain low for a longer period.

United Kingdom: BoE Interest Rate Decision, 0.50% (forecast 0.50%)

Asian Stocks close: most stocks closed higher due to the Fed’s minutes

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