The FOMC minutes clearly shows the Fed concern about global growth. Even though Ms. Yellen remarked in a press conference that the Fed was still on track for a 2015 rate hike, the minutes show that overall the majority of the bank is no longer in a hurry to raise interest rates and seem to be taking a more dovish approach to the markets.
This news tickled the market ears. On one hand, the minutes showed that the Fed has faith in the US recovery, but that recent developments in the Global financial world over the recent two months, is enough to hold back a rate hike.
Stocks and commodities reacted nicely to the news. Read article
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