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🏦🇺🇸 Fed Meeting Minutes Sentiment Dips Further

  • The Bloomberg Fed Meeting Minutes Sentiment Index fell to -1.56 from a previous -0.13, the sentiment exponential average is also coming off cycle highs

  • For those looking, there were no mentions of a recession in the recount, but officials highlighted that they see a significant risk of entrenched inflation. On this, the Fed sees more restrictive rates if high prices persist

  • The minutes show the Fed is set to continue tightening with, markets might see some expectations adjusting as the Fed said it could hike rates by 1/2 or 3/4 % points in July

  • Not much of new information here.

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