11 Jul 2013
Flash: FOMC minutes - NAB
FXstreet.com (London) - Robert Henderson at NAB markets research explains the result of the FOMC minutes.
He said the Fed Minutes showed that "many members indicated that further improvement in the outlook for the labour market would be required before it would be appropriate to slow the pace of asset purchases.” However, "some" members said they would want to see more evidence that the projected acceleration in economic activity was happening before taking that action. But "several members judged that a reduction in asset purchases would likely soon be warranted".
He said the Fed Minutes showed that "many members indicated that further improvement in the outlook for the labour market would be required before it would be appropriate to slow the pace of asset purchases.” However, "some" members said they would want to see more evidence that the projected acceleration in economic activity was happening before taking that action. But "several members judged that a reduction in asset purchases would likely soon be warranted".