No nasty surprise with the Fed minutes

Macro-economy
April 8, 2021

The release of the Fed minutes did not have any significant impact on markets, as the overall message remained strongly dovish, in line with consensus expectations. Equities and bonds remained rather stable as well as the USD, although the EUR/USD exchange rate briefly topped 1.19 yesterday. The sharp widening in the US trade deficit confirms the crucial role of the US economy in the global recovery.

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No nasty surprise with the Fed minutes

You might also read :

ECB will keep rates low for a long time, but didn’t we already know that?

OPEC likely to bring more supply given the Dubai market structure

The API survey dampens sentiment

Simplifying energy markets