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Fed minutes show willingness to steer past coming jump in inflation


6 Min Read
WASHINGTON (Reuters) - Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept higher inflation, and also the need to “stay vigilant” for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank’s Jan. 26-27 policy meeting.
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
In discussions that ranged from the public’s perceptions of inflation to the vagaries of Robinhood-type retail stock trading platforms, Fed officials said they were still prepared to keep their easy monetary policy on track to help heal a job market still ailing from the impact of the coronavirus pandemic. ....

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US: Steady Fed - Not taper ready


(MENAFN - ING) The FOMC minutes - Leaves the back end unprotected from inflation risks ahead
The central tenet from the Fed s minutes is no material change in tone still dovish. At the same time the Fed has nodded approval for the December stimulus, and on the likely positives coming from vaccine effects on the economy in due course. The Fed has shown no panic on inflation as of yet, acknowledging the likelihood for a spring jump, but also noting that the economy is far from where it needs to be. There is also no material evidence that the Fed is considering a near-term tapering, with conditions not likely to be met for some time, they suggest. ....

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Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields


Market mood remained pessimistic during Thursday s APAC session
Investors are weighing improving economic growth bets versus yields
EUR/USD eyeing ECB minutes, may be at risk to bearish ‘Death Cross
APAC Session Recap
Market sentiment cautiously soured during Thursday s Asia Pacific trading session, with most APAC indices trading in the red. Japan s Nikkei 225 , Hong Kong s Hang Seng and South Korea s KOSPI index fell. Australia s ASX 200 was little changed. In China, the Shanghai Composite gapped higher at market open following the Lunar New Year holiday, but spent the rest of the session trimming gains.
This followed a generally mixed Wall Street trading session, where the Dow Jones gained but the tech-heavy Nasdaq Composite faltered. Investors are weighing the implications of improving economic data against the backdrop of rising longer-term Treasury yields. In the United States, retail sales and wholesale inflation surprised higher. PPI final deman ....

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Euro Little Changed After ECB Minutes

BRUSSELS (dpa-AFX) - The European Central Bank has published the account of the monetary policy meeting of the Governing Council held on January 20 and 21 at 7.30 am ET Thursday. After the release ....

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