FXStreet reports that Alvin Liew, Senior Economist at UOB Group, assesses the FOMC minutes of the April 27-28 meeting.

“The key highlight of the 27-28 April FOMC policy meeting minutes was a number of the participants “suggested that if the economy continued to make rapid progress toward the Committee's goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases”".

“While the latest FOMC meeting minutes provided hints that some Fed officials are thinking about beginning the taper conversation, they remain in the minority and it is not signaling a Fed policy shift or any impending Fed policy tightening. Recent commentary from various FOMC voters remain aligned with FOMC Chief Powell to keep the current accommodative policy stance intact despite the increasingly positive US economic outlook.”