Minutes of the Federal Reserve Federal Open Market Committee January meeting

  • Due at 1900 GMT on 20 February 2019

Earlier posts:

Now, via RBC:

  • The minutes of the January meeting will be watched primarily for the FOMC discussion on the removal of "some further gradual increases in the target range" from the statement. The market seemed to interpret that shift as a sign that the hiking cycle is over, but there may be FOMC members who saw it more as a necessary technical change as the end of the cycle approaches.
  • We should see a bit of information on the balance sheet, but we don't expect anything definitive until after the FOMC gets back the results of the new survey on bank demand for reserves that it seems to be trying to complete before the March meeting