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FOMC Minutes Show Fed Fears Global Financial, Economic Risks, Tight Financial Conditions, China
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
FOMC Minutes: The Fed didn't provide an economic assessment in January because they're as puzzled as all of you.
— Binyamin Appelbaum (@BCAppelbaum) February 17, 2016
zerohedge.com / by Tyler Durden on 02/17/2016 14:03
Since the January FOMC statement, Janet has spoken twice and what seems like every Fed speaker has hit the headlines to explain their decisions (only to confuse the market more) leaving bonds and gold outperforming amid their clear confusion. The Minutes appear to confirm that confusion:
- *FOMC MEMBERS AGREED DATA TOO UNCLEAR TO GAUGE RISKS TO OUTLOOK (confused)
- *FED OFFICIALS CONTINUED TO EXPECT GRADUAL POLICY TIGHTENING (hawkish)
- *MANY FED OFFICIALS AT JAN. FOMC SAW INCREASED DOWNSIDE RISKS (dovish)
So The Fed was unanimous in its decision to leave rates unchanged, downgraded the economic outlook, and was fearful of the global financial volatility – which in the last 3 days has all been solved.
Stocks just managed to get back into the green since the January FOMC statement but bonds and bullion lead…
The post FOMC Minutes Show Fed Fears Global Financial, Economic Risks, Tight Financial Conditions, China appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/17/fomc-minutes-show-fed-fears-global-financial-economic-risks-tight-financial-conditions-china-2/
