US: FOMC minutes to be the next big thing – TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the release of FOMC Minutes on 6th January is going to be the next major data release from the US.

Key Quotes

“The minutes of the December FOMC meeting should provide some important context for gauging the Fed’s thinking on the post-lift off monetary policy stance. We expect the tone of the report to be broadly hawkish reflecting a growing confidence in the outlook for the economic recovery, however, the market will be particularly interested in gauging the level of commitment to the current tightening path. The markets will also be looking for any indication of an emerging consensus on the timing for the next move on rates.”