that ball is pretty much past us
the only impact those minutes can have is if almost the entire fomc suddenly went dovish - and we know they didnt from their pronouncements in speeches in april
market is 80% odds on a june hike - its done and dusted - cant be enough bad data in between now and then to stop a hike - but its in the gold price.
people forget the fomc at this point isnt hiking to stop inflation - there's barely any- its hiking so it can ease during the next recession. they want more room between them and 0% for the next downturn.
these comments stubbornly looking in front of toes when market is 6-12 month fprward looking mechanism
the real x factor atm is probably fomc balance sheet reduction approach - simply because zero detail has been outlined.
Breakout, page-5
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