Halister News

(Bloomberg) -- “A lot of time off has passed” since FOMC’s Dec. 14 decision to raise rates, “so expect confused and sizeable reaction” to the initial headlines, FTN strategist Jim Vogel writes in note Wednesday.

• “First takeaway” from meeting, which also produced higher median forecasts for fed funds target in 2017, 2018, 2019 and longer-run, was “rampant hawkishness,” even as Yellen stressed a “steady course”
• Market participants appear concerned that minutes “will reveal underlying concern about inflation”