Posted 4/10/2024, 4:15:00 PM
Fed Minutes in Focus Amid Debate Over Policy Pivot Timing
- Fed will release March policy meeting minutes on Wednesday; discussions around policy pivot will be scrutinized
- Markets currently see 50% probability of another Fed policy hold in June
- Hawkish Fed commentary and strong jobs data caused investors to reassess rate outlook
- Minutes will likely detail debates about short-term policy outlook and quantitative tightening (QT) tapering
- Publication unlikely to significantly impact USD valuation; CPI data earlier in day will have bigger effect