The Fed’s minutes: nasty surprise or relief?

The Fed Minutes included a key sentence showing that some members are ready to start discussing the tapering of bond purchases, provided the economic recovery is being confirmed. Bond yields rebounded, the USD as well and US equities posted their 3rd straight decline. These movements remained limited nevertheless, far from the collapse of crypto-currencies, with Bitcoin touching $30,000 when it was worth $65,000 in mid-April! The EUR/USD fell below 1.22 but shows sign of rebound this morning. This may suggest the market is not sure a more hawkish Fed is really bad news.

Share this news :

You might also read :

ES-gas
October 28, 2021

Prices down on hopes of higher Russian supply

European gas prices weakened yesterday, pressured by more comfortable spot fundamentals (above-normal temperatures, higher LNG supply). Moreover, on the pipeline supply side, Norwegian flows rebounded…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]