Gold headed for the biggest monthly advance since July, with inflation risks in focus ahead of key U.S. jobs data due later this week that will offer clues on the economic recovery.
Read more about Federal Reserve officials signal open to taper talk at upcoming meetings on Business Standard. US Treasuries declined on heavy futures volumes after the minutes were published
US Fed Officials Mull Curtailing Asset Purchases ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
Faith officials talked about reducing asset purchases
Some Federal Reserve officials argued that the US central bank should pave the way for a reduction in some of its shares. extensive financial support if the economic recovery accelerates further.
According to a meeting of the Federal Open Market Commission in late April, officials said the U.S. economy as a whole was still “far from” its twin goals of achieving “full employment and price stability,” and still demanded very nice money. Several argued that quite some time could come this year for the Fed to change its stance.
“Some participants suggested that if the economy continues to make rapid progress towards the committee’s goals, it may be advisable to start discussing a plan to adjust the pace of asset purchases at some point in the coming meetings,” the minutes say.
Improving US Economy Has Fed Officials Talking Of Asset Tapering ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.