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MARKET WRAPS Watch For: CPI data for Germany, Baden-Wuerttemberg, Hesse, Brandenburg, Bavaria, North Rhine Westphalia, Saxony, France; Services PMI data for Eurozone, U.K., France, Germany,...
In December, the Fed's rate-setting committee "reaffirmed that it would be appropriate for policy to remain at a restrictive stance for some time until inflation was clearly moving down sustainably" towards target, according to minutes of the meeting published Wednesday., Economy News, Times Now
The minutes of the central bank’s December meeting show officials are worried surging equity and bond markets could jeopardise their efforts to quell inflation.
The GBP/USD pair is consolidating with a bullish outlook after FOMC minutes. The pair's stability near the first Woodie pivot support suggests a potential rise.
US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.