FOMC Minutes Posted With Mixed Outlook

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By Jon C. Ogg Updated Published

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The biggest thing to watch for in the FOMC Minutes is the effect of exceptionally low rates and other quantitative easing measures.  The minutes show that the group does not expect agency securities sale staking place before early 2015.  The view on how long these near-zero rates were far from being quite as clear as the “end of 2014” that was communicated.  Some see 2% in shorter rates as more appropriate by then.  The most see downside risks to GDP forecasts and upside risks to unemployment forecasts.  Another huge risk is the spillover effect risks coming from Europe.  If you just look at the tally of ‘majority’ versus others that are ‘some’ you may wonder how much you really like a more communicative Federal Reserve.

The FULL FOMC MINUTES from the January 24 to 25 meeting are here.

 

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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