FOMC minutes expected to be balanced – TDS

Strategists at TD Securities see the upcoming FOMC minutes to keep the balanced tone, in light with the statement.

Key Quotes

“The overall tone of January's minutes should be broadly balanced, highlighting the Fed constructive outlook for growth and inflation and the continued tightening bias”.

“At the same time, the increased uncertainty about the outlook for growth and inflation will reinforce the current narrative that the Fed has effectively moved to the sideline for now as they assess the incoming data for clues”.