FOMC Minutes in line with recent Fed commentary – Goldman Sachs

Research Team at Goldman Sachs, suggests that the minutes from the January FOMC meeting were broadly consistent with recent comments from Fed officials.

Key Quotes

“While the minutes emphasized continued progress in labor market conditions and positive fundamentals, they also noted heightened downside risks associated with the recent tightening in financial conditions and the possibility of weaker growth abroad.

Overall, the minutes suggested that Fed officials would like to see more information to assess the impact of recent developments on the growth outlook.”