Wednesday, May 18, 2016

Post-FOMC minutes market update : SPY (18 May 2016)

  • Minutes from the Federal Reserve's last policy meeting indicated that a rate hike in June cannot be ruled out if the upcoming economic data is favorable. 
  • The minutes suggest that the Fed is far more hawkish than the market would like to think. Shortly after the minutes were released on Wednesday, equities slipped and the dollar strengthened. 

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