The communication released after the Fed’s June meeting, along with the publication of the system it will use to potentially reduce its balance sheet, shows there is strong support for continuing with the normalisation of US monetary policy.
FOMC members need more evidence that inflation is moving toward their goal and the improvement in the labour market is sufficient and sustainable.
SAO PAULO | By Marcus Nunes | The Fed minutes came out. The stock market didn’t appreciate it, at least immediately. Bernanke’s concept of “open and transparent” monetary policy is really something!