FOMC Minutes Show Deflation-Wary Fed Not Worried About Global Growth

Having done nothing but rally since the FOMC statement on 10/29 that ended QE, the minutes provide little additional info aside from to note that some participants wanted to drop “considerable time”:

  • *MANY FED OFFICIALS SAW LIMITED IMPACT FROM GLOBAL SLOWDOWN
  • *FED OFFICIALS SAW NEED TO WATCH FOR INFLATION EXPECTATIONS DROP
  • *FOMC OPTED NOT TO MENTION FINANCIAL MARKET TURMOIL AFTER DEBATE

If they don’t mention, it never happened!!

Pre-FOMC Mins: S&P Futs 2045, USDJPY 117.75, 10Y 2.349%, Gold $1194

 

A reminder of the idiocy that occurred in stocks at the last Fed Minutes…

 

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Full Statement

Oct 2014 Minutes by zerohedge




via Zero Hedge http://ift.tt/1qXxrhS Tyler Durden

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