We may never hike these rates again! (Sung to the tune of “We May Never Pass this Way Again”)
That’s the message from the Fed after down beat FOMC minutes.
US yields have pulled back to the 3.05% level in the 10-year maturity., oil has turned lower and the dollar has firmed a bit versus the euro and weakened versus the JPY.
Not sure why the market is surprised by the minutes….we’ve done nothing but talk double-dip for the last month…
