Agreed @bluesky52From memory Powell came out after the May FOMC...

Agreed @bluesky52

From memory Powell came out after the May FOMC Meeting with soothing rate cut asap comments, the day after PPI inflation had been red hot … dovish Powell wrong footed the market, so I wonder if the Minutes reflect more hawkish views amongst a significant number of committee members … if so the market could react downwards in response.

Also DOW Transport is looking decidedly bearish v the DOW Industrials looking bullish … transport often but not always leads industrials with a small lag.

But the minutes may reflect something more positive and if so markets would normally bounce hard.

Bloombergs Commodities Index is is a tight bull (rising) channel and could suggest inflation will not play to the Fed’s hopes, Powell’s in particular it seems.

Mmmmmmmm.

Dex